ZEDA LIMITED, the integrated mobility solutions provider, yesterday declared a 50 cents half-year dividend despite a 12.5% decline in headline earnings per share (Heps) for the year ended March 31 to 165.5c.
Thobeka Ntshiza, Zeda’s chief financial officer, said the JSE-listed operator of the globally recognised Avis and Budget brand had created as much as R1.1 billion in equity since unbundling from Barloworld, helping the company to an interim dividend for the period to end March 2024. Shares in the company were, however, marginally lower by 0.34% at R11.90.
“Since unbundling from Barloworld on December 13, 2022, the company has created R1.1bn in equity. It is this strength that propelled the board to approve the interim dividend,” said Ntshiza.
Return on equity in the company currently stands at…
