We target a dividend pay-out ratio of 50% to 70% of post-tax, post-interest adjusted profit.
We expect to pay an Interim and a Final dividend each financial year. It is expected that the Final and Interim dividends will be paid in the approximate proportions of one-third (Interim dividend) and two-thirds (Final dividend) of the total dividends payable in respect of a financial year, taking into account the underlying cash generation, cash resources, capital position, distributable reserves and market conditions at the time.