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Tuesday 22 September 2020

VODACOM TANZANIA INVESTORS TO POCKET TSHS. 400 BILLION SPECIAL DIVIDEND

Telecommunications firm Vodacom announced yesterday that it would issue a dividend of TShs. 178.57 per share, translating into a total of about TShs. 400 billion, until November 13 so as to improve capital allocation.
Dar es Salaam - Shareholders of Vodacom Tanzania will share a total of TShs. 400 billion during the coming weeks after the company decided to issue a special dividend.

A special dividend is defined as a non-recurring distribution of company assets, usually in the form of cash, to shareholders. It is usually larger compared to normal dividends paid out by the company and often tied to a special event like an asset sale or other windfall event.

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