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Dividend information


Relevant shareholders were notified in December 2012 that due to cheque payments being particularly vulnerable to fraud and the significant increase in the number of attempted and successful fraud cases, Kumba Iron Ore Limited (“Kumba” or “the Company”) would discontinue the issuing of cheques to shareholders with respect to payments of distributions/dividends. Accordingly, cheque payments were discontinued following payment of the 2012 financial year final dividend in March 2013. The Company’s memorandum of incorporation provides for distributions/dividends to shareholders to be made by way of electronic transfer to a bank account nominated by the shareholder in writing. Relevant shareholders were requested to provide our transfer secretaries, Computershare Investor Services (Pty) Ltd (“Computershare”), with their banking details or any changes thereto in order to receive future dividend proceeds directly to their bank account via electronic funds transfer.

To provide/update your banking details, kindly download the form below which should be printed, completed and stamped by your bank and thereafter, it should be returned together with an originally certified copy of your identity document/passport and bank statement to Computershare at the following address:
Computershare Investor Services (Pty) Ltd
Shareholder Services Department
P.O. Box 61051

For security purposes, shareholders are requested to post the documents via registered mail to Computershare.

Alternatively, you can provide/update your banking details by contacting Computershare’s call centre on 0861 100 930/933 which will be verified immediately with the major banks. You will still be required to submit the necessary documentation to Computershare.

We assure you that the information will be treated with the utmost confidentiality by Computershare and will only be used for the purpose for which it is provided.

Should you fail to provide your banking details, you will not receive dividend proceeds via cheque payment.

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At its Board meeting on 6 February 2015 the directors approved a gross final cash dividend of 773 cents per share on the ordinary shares from profits accrued during the year ended 31 December 2014. The dividend has been declared from income reserves.

The company has no unutilised Secondary Tax on Companies' (STC) credits left. The dividend will be subject to a dividend withholding tax of 15% for all shareholders who are not exempt from or do not qualify for a reduced rate of withholding tax. The net dividend payable to shareholders subject to withholding tax at a rate of 15% amounts to 657.05000 cents per share.

The issued share capital at the declaration date is 322,085,974 ordinary shares.

The salient dates are as follows:

  • Date of declaration Tuesday, 10 February 2015
  • Last day for trading to qualify and participate in the final dividend (and change of address or dividend instructions) Friday, 6 March 2015
  • Trading ex-dividend commences Monday, 9 March 2015
  • Record date Friday, 13 March 2015
  • Dividend payment date Monday, 16 March 2015

Share certificates may not be dematerialised or rematerialised between Monday, 9 March 2015 and Friday, 13 March 2015, both days inclusive.

By order of the Board

Real Mining. Real People. Real Difference.

Kumba Iron Ore