Final dividend of 300cps for FY 2021
MTN’s Board of directors (Board) had suspended dividend payments in 2020 and MTN guided in 2021 that the suspension would remain in place until March 2022. We also guided that the Group anticipates paying a minimum ordinary final dividend of 260cps for FY 2021. We are, therefore, pleased to announce that the Board has declared a final ordinary dividend of 300cps for FY 2021.
Prospects and guidance
Positioning the business for accelerated growth and relevance to 2025
The MTN Group demonstrated resilience under a challenging trading environment which featured ongoing COVID-19 uncertainties. Our focus on strategy execution as well as sustaining commercial momentum led to the delivery of service revenue that tracked favourably against our medium-term guidance and expanded EBITDA margins. We are encouraged by the delivery of 15 successive quarters of operating improvements.
COVID-19 has accelerated development of digital ecosystems across our markets and led to a significant uptake in telecommunication services and supported shifts to cashless payments. Although accelerated by the pandemic, this increased demand and growth is sustaining at higher levels.
Our Ambition 2025 strategy is supporting greater digital and financial inclusion across Africa while aligning to the development agendas of nation states. We want to take advantage of the opportunity to win in digital services as customers come online for the first time as we see a notable demand for digital services. We are well positioned to capture the opportunities for growth while unlocking value.
Our strategy is underpinned by a solid financial framework with a value-based approach to capital allocation and improving returns.
Swazi Tshabalala retirement at the 2022 annual general meeting (AGM)
MTN announced that Swazi Tshabalala will not stand for re-election at the 2022 AGM and will step down as a director of the Company immediately after the AGM on 25 May 2022.
