Barloworld dividend to bring smiles back to anxious sharehol

Barloworld dividend to bring smiles back to anxious shareholders


Barloworld dividend to bring smiles back to anxious shareholders
By Edward West
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CAPE TOWN - THE PRICE of Barloworld’s shares increased 3.15 percent yesterday afternoon after it resumed dividend payments and returned a special dividend of 200 cents per share to shareholders.
The international heavy equipment, automotive and food processing group declared an interim dividend of 137c per share, compared with no dividend declared in the first half of last year during the Covid-19 pandemic.
This was after a strong balance sheet was maintained in the six months to March 31, and the cash balance was robust at R8.3 billion.
Headline earnings per share leapt to 367c per share for the six months to March 31, compared with 70c in the first half last year.

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