Interim Dividend Declaration
Interim dividend of USD 0.03 per share declared, equivalent to 2.37 pence per share.
- Interim dividend per share USD 0.03
- Interim dividend per share (sterling) 2.37 pence
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ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, is today pleased to declare an interim dividend of USD 0.03 per share.
Given the sustained improvement in ASA International's operational and financial performance as demonstrated in the 2024 Interim Results and the Q3 2024 Business Update and in line with the capital allocation framework, the Board has approved an interim dividend of USD 0.03 per share. This is the equivalent of 2.37 pence per share based on the USD/GBP exchange rate as of 4 December 2024. The exact exchange rate will be set on 16 December 2024, prior to payment of the dividend on 20 December 2024.
The Board expects to declare a final dividend for 2024 alongside the publication of the 2024 Full Year Results on 24 April 2025.
ASA International intends over time to pay a dividend with a target aggregate dividend pay-out ratio of 30 percent of IFRS net profits realized during the financial year. The Board may elect to pay any such dividend in two instalments in the form of an interim dividend and a final dividend. This dividend policy reflects the long-term earnings and cash-flow potential of the Group, consistent with maintaining sufficient financial flexibility.
Interim Dividend Timetable
05 December 2024 Announcement
12 December 2024 Shares quoted ex-dividend on the London Stock Exchange
13 December 2024 Record date
16 December 2024 Exchange rate determined for payment of dividends in sterling
20 December 2024 Payment date
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