Namibia: Stimulus distributes N$79.3 million
By the AFREEQUE newsroom, based on Observer24
Stimulus Investments Limited, a Namibian investment company, has declared an interim dividend of 79.3 million Namibian dollars, or N$17.05 per preference share. Investors registered on 20 November 2026 will receive payment on 27 November, after the ex-dividend date set for 16 November, reports Observer24.
Stimulus Investments Limited, a Namibian investment company listed on the Namibia Stock Exchange, announced an interim dividend of 79.3 million Namibian dollars (N$) for holders of its preference shares issued in 2011, equivalent to N$17.05 per share. Its board approved a total distribution of N$79,295,901.30 on 21 October, reports Observer24.
Investors must hold the shares at the close of 20 November to qualify for the dividend. The last day of trading with entitlement to the payment is set for 13 November, while the securities will trade ex-dividend from 16 November. Payment is scheduled for 27 November 2026. Cirrus Securities is assisting Stimulus as its sponsor on the Namibia Stock Exchange.
At its annual general meeting held in Windhoek on 12 August, shareholders authorised Stimulus to buy back up to 10% of its preference shares during a single financial year. The buyback price may not exceed by more than 10% the weighted average of prices recorded during the previous five trading sessions, and any transaction will remain subject to solvency and liquidity requirements.
Shareholders also approved the annual accounts for the year ended 28 February 2026, the appointment of Moore Infinity as independent auditor subject to authorisation by NAMFISA, as well as a 4.1% increase in the remuneration of non-executive directors.
