Old Mutual Announces Dividend Currency Equivalents for Shareholders

Old Mutual (LON:OMU), the leading African financial services group, has released the currency equivalents for its final dividend of 52.0000 cents per share. The dividend, first declared on March 18, 2025, will be paid to shareholders outside the London Stock Exchange (LSE) on April 14, 2025, while LSE shareholders will receive their dividends on May 7, 2025.

Dividend Payments and Tax Implications

Old Mutual operates across 12 countries and has a heritage of 179 years in financial services. As part of its dividend distribution, the company has set the currency equivalents for shareholders registered in:

• Malawi: 48.79454 Malawian kwacha per share

• Namibia: 52.00000 Namibian cents per share

• United Kingdom: 2.20316 GBP pence per share

• Zimbabwe: 2.83865 USD cents per share

For South African shareholders, the dividend is subject to a 20% withholding tax, bringing the net payout to 41.6000 cents per share unless exempt or eligible for a reduced rate. International shareholders may also be affected by withholding taxes based on their respective country’s tax agreements with South Africa.

How Shareholders Can Benefit from Tax Reductions

Shareholders who reside outside South Africa and are eligible for a reduced tax rate under a double taxation agreement should submit the necessary declaration forms to the registrars. Old Mutual has advised all shareholders to consult tax professionals to understand any country-specific withholding tax implications.

Key Takeaways for Old Mutual Shareholders

• Payment Dates: April 14, 2025 (for non-LSE shareholders) and May 7, 2025 (for LSE shareholders).

• Withholding Tax: 20% standard rate applies unless exemptions or tax treaties provide relief.

• Local Currency Equivalents: Malawi, Namibia, UK, and Zimbabwe values set based on March 18, 2025 exchange rates.

• Investor Advisory: Shareholders should verify their tax obligations with local tax authorities or financial advisors.

Old Mutual’s dividend policy remains a crucial part of its commitment to shareholder returns. Investors and market analysts will continue to watch how the company’s financial strategies unfold in the evolving economic climate.

{Source Investing}

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