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Mr Price declares dividend

Johannesburg - Mr Price Group [JSE:MRP] announced on Monday that it has declared a final gross cash dividend of R4.19 per share for the 53 weeks ended April 2 2016.

This is an increase of 13.7%.

The group said in a Sens statement that the increase in the final dividend is lower than headline earnings per share growth due to the increase in the dividend pay-out ratio at the interim stage and is based on the 53-week results.

"As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 356.150 cents per share," announced the group.

The issued share capital at the declaration date is 255 995 880 listed ordinary and 10 945 081 unlisted B ordinary shares. Shareholders may not dematerialise or re-materialise their share certificates between Monday June 20 2016 and Friday June 24 2016, both dates inclusive.

The detailed audited year end results will be released on May 31 2016.

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