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This reflects 8% growth relative to the 2024 full year dividend and is consistent with a three‑year rolling growth rate of 7%. The increase in the final dividend relative to the prior period was supported by resilient operational performance and a sound capital and liquidity position. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Shareholders on the London, Malawian and Namibian registers will be paid in the local currency equivalents of the final dividend. Shareholders on the Zimbabwean register will be paid the equivalent of the final dividend in United States dollars. The dividend will be payable to all shareholders, except for Old Mutual Limited shareholders on the London Stock Exchange (LSE), on 13 Apil 2026. The dividend payment date for Old Mutual Limited shareholders on the LSE is 07 May 2026.
Old Mutual’s income tax number is 9267358233. The number of ordinary shares in issue in the Company’s share register at the date of declaration is 4 646 293 017.
Dividend Policy
The Directors will target a progressive dividend that is guided by underlying cash generation with the aim of delivering sustainable dividend growth over time. Dividend declarations will consider the Group’s liquidity and solvency targets, available cash balances, strategic capital requirements as well as prevailing market and regulatory conditions. Dividends are subject to Board approval and may be adjusted to preserve financial resilience and support long-term business objectives.
The Company will declare dividends in South African Rand (ZAR). Shareholders on registers outside of South Africa will receive local currency equivalents of the dividend that 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
Per share
Declaration date
Exchange rate announcement date
Record date
Payment date:
JSE, MSE NSE and ZSE
Payment date: LSE
Final 2025
R0.56
17 March 2026
24 March 2026
10 April 2026
13 April 2026
07 May 2026
Interim 2025
R0.37
10 September 2025
17 September 2025
03 October 2025
06 October 2025
03 November 2025
Final 2024
R0.52
18 March 2025
01 April 2025
11 April 2025
14 April 2025
07 May 2025
Interim 2024
R0.34
26 September 2024
01 October 2024
18 October 2024
21 October 2024
15 November 2024
Final 2023
R0.49
27 March 2024
09 April 2024
19 April 2024
22 April 2024
21 May 2024
Interim 2023
R0.32
27 September 2023
03 October 2023
20 October 2023
23 October 2023
17 November 2023
Final 2022
R0.51
14 March 2023
22 March 2023
14 April 2023
17 April 2023
15 May 2023
Interim 2022
R0.25
30 August 2022
06 September 2022
23 September 2022
17 October 2022
17 October 2022
Final 2021
R0.51
15 March 2022
22 March 2022
19 April 2022
23 May 2022
23 May 2022
Interim 2021
R0.25
31 August 2021
07 September 2021
17 September 2021
11 October 2021
11 October 2021
Final 2020
R0.35
23 March 2021
29 March 2021
16 April 2021
24 May 2021
24 May 2021
Final 2019
R0.75
16 March 2020
23 March 2020
03 April 2020
04 May 2020
04 May 2020
Interim 2019
R0.45
02 September 2019
10 September 2019
20 September 2019
14 October 2019
14 October 2019
Final 2018
R0.72
11 March 2018
18 March 2019
29 March 2019
29 April 2019
29 April 2019
Special 2018
R1.00
31 August 2018
11 September 2018
21 September 2018
16 October 2018
16 October 2018
Interim 2018
R0.45
31 August 2018
11 September 2018
21 September 2018
16 October 2018
16 October 2018
Final 2025
Interim 2025
Final 2024
Interim 2024
Final 2023
Interim 2023
Final 2022
Interim 2022
Final 2021
Interim 2021
Final 2020
Final 2019
Interim 2019
Final 2018
Special 2018
Interim 2018
Per share
R0.56
Declaration date
17 March 2026
Exchange rate
24 March 2026
Record date
10 April 2026
Payment date: JSE, MSE NSE and ZSE
13 April 2026
Payment date: LSE
07 May 2026
Per share
R0.37
Declaration date
10 September 2025
Exchange rate
17 September 2025
Record date
03 October 2025
Payment date: JSE, MSE NSE and ZSE
06 October 2025
Payment date: LSE
03 November 2025
Per share
R0.52
Declaration date
18 March 2025
Exchange rate
01 April 2025
Record date
11 April 2025
Payment date: JSE, MSE NSE and ZSE
14 April 2025
Payment date: LSE
07 May 2025
Per share
R0.34
Declaration date
26 September 2024
Exchange rate
01 October 2024
Record date
18 October 2024
Payment date: JSE, MSE NSE and ZSE
21 October 2024
Payment date: LSE
15 November 2024
Per share
R0.49
Exchange rate
09 April 2024
Record date
19 April 2024
Payment date: JSE, MSE NSE and ZSE
22 April 2024
Payment date: LSE
21 May 2024
Per share
R0.32
Declaration date
27 September 2023
Exchange rate
03 October 2023
Record date
20 October 2023
Payment date: JSE, MSE NSE and ZSE
23 October 2023
Payment date: LSE
17 November 2023
Per share
R0.51
Declaration date
14 March 2023
Exchange rate
22 March 2023
Record date
14 April 2023
Payment date: JSE, MSE NSE and ZSE
17 April 2023
Payment date: LSE
15 May 2023
Per share
R0.25
Declaration date
30 August 2022
Exchange rate
06 September 2022
Record date
23 September 2022
Payment date: JSE, MSE NSE and ZSE
17 October 2022
Payment date: LSE
17 October 2022
Per share
R0.51
Declaration date
15 March 2022
Exchange rate
22 March 2022
Record date
19 April 2022
Payment date: JSE, MSE NSE and ZSE
23 May 2022
Payment date: LSE
23 May 2022
Per share
R0.25
Declaration date
31 August 2021
Exchange rate
07 September 2021
Record date
17 September 2021
Payment date: JSE, MSE NSE and ZSE
11 October 2021
Payment date: LSE
11 October 2021
Per share
R0.35
Declaration date
23 March 2021
Exchange rate
29 March 2021
Record date
16 April 2021
Payment date: JSE, MSE NSE and ZSE
24 May 2021
Payment date: LSE
24 May 2021
Per share
R0.75
Declaration date
16 March 2020
Exchange rate
23 March 2020
Record date
03 April 2020
Payment date: JSE, MSE NSE and ZSE
04 May 2020
Payment date: LSE
04 May 2020
Per share
R0.45
Declaration date
02 September 2019
Exchange rate
10 September 2019
Record date
20 September 2019
Payment date: JSE, MSE NSE and ZSE
14 October 2019
Payment date: LSE
14 October 2019
Per share
R0.72
Declaration date
11 March 2018
Exchange rate
18 March 2019
Record date
29 March 2019
Payment date: JSE, MSE NSE and ZSE
29 April 2019
Payment date: LSE
29 April 2019
Per share
R1.00
Declaration date
31 August 2018
Exchange rate
11 September 2018
Record date
21 September 2018
Payment date: JSE, MSE NSE and ZSE
16 October 2018
Payment date: LSE
16 October 2018
Per share
R0.45
Declaration date
31 August 2018
Exchange rate
11 September 2018
Record date
21 September 2018
Payment date: JSE, MSE NSE and ZSE
16 October 2018
Payment date: LSE
16 October 2018