Dividend informationView the latest dividend declaration,
our dividend policy and tax considerations here.
          Old Mutual Dividend DeclarationDue to the significant level of uncertainty in the current environment, the Board of directors have deferred the decision to declare an interim dividend for 2020. They believe this action is necessary in a period of heightened uncertainty and will revisit the decision for the full year dividend declaration when they have more clarity on the share of possible economic recovery scenarios.

          Dividend Policy

          The Directors will target full year ordinary dividends that are covered by Adjusted Headline Earnings between 1.50 and 2.00 times. The Directors will target an interim dividend at a level of 40% of the current year interim Adjusted Headline Earnings. Any dividends will take into account the Company’s underlying cash generation, fungibility of earnings, targeted liquidity and solvency levels, business strategy needs and market conditions at the time. Given the profile of earnings and above considerations, it is anticipated that the dividend cover may vary between reporting periods and dividends will be set using the full flexibility of the range.

          The Company will declare dividends in South African Rand (ZAR). Conversion rates for non-South African Shareholders will be communicated before dividends are paid. The Company may revise its dividend policy from time to time.



          Dividend Tax Considerations

          South Africa levies a 20% dividend withholding tax on dividends paid to shareholders unless they are exempt from dividend tax.

          Shareholders that are tax resident in jurisdictions other than South Africa may qualify for a reduced rate under a double taxation agreement with South Africa.

          To apply for this reduced rate, non-SA taxpayers should complete and submit a declaration form to the respective registrars for the jurisdiction on which register you hold the relevant shares. View details of the registrars on our Shareholders Centre page. Please do not send the forms to Old Mutual.

          For any queries relating to your dividend tax please consult a financial adviser.

          Dividend tax declaration form

          Dividend History
          Dividend
          Per share
          Exchange rate announce date
          Record date
          Payment date

          Final 2019

          R0.75

          23 March 2020

          03 April 2020

          04 May 2020

          Interim 2019

          R0.45

          10 September 2019

          20 September 2019

          14 October 2019

          Final 2018

          R0.72

          18 March 2019

          29 March 2019

          29 April 2019

          Special 2018

          R1.00

          11 September 2018

          21 September 2018

          16 October 2018

          Interim 2018

          R0.45

          11 September 2018

          21 September 2018

          16 October 2018

          Final 2019

          Details

          Interim 2019

          Details

          Final 2018

          Details

          Special 2018

          Details

          Interim 2018

          Details

          Per share

          R0.75

          Exchange rate

          23 March 2020

          Record date

          03 April 2020

          Payment date

          04 May 2020

          Per share

          R0.45

          Exchange rate

          10 September 2019

          Record date

          20 September 2019

          Payment date

          14 October 2019

          Per share

          R0.72

          Exchange rate

          18 March 2019

          Record date

          29 March 2019

          Payment date

          29 April 2019

          Per share

          R1.00

          Exchange rate

          11 September 2018

          Record date

          21 September 2018

          Payment date

          16 October 2018

          Per share

          R0.45

          Exchange rate

          11 September 2018

          Record date

          21 September 2018

          Payment date

          16 October 2018