Dividends

Dividends

Dividends

Dividends

Dividends

View our dividend policy, the latest dividend declaration, and related information. 


Dividend policy

The Group’s dividend policy is to grow dividends in line with normalised headline earnings growth. The Group targets a 2.5x normalised headline earnings dividend cover with a 2.0x to 3.0x target coverage range. This implies a pay-out ratio of 33% to 50% of normalised headline earnings per reporting period.

Interim dividend declaration

The Momentum Group has declared an interim dividend of 85 cents per ordinary share. The 1HF2025 dividend represents a payout ratio of 35% of NHE, close to the lower end of the Group’s dividend payout range. The Group’s policy of declaring dividends within a range of 33% to 50% of NHE remains unchanged. Work on reviewing the appropriateness of the current capital coverage targets and the dividend policy is well advanced. The outcome of this review will be communicated to shareholders in the year-end results announcement.

Dividend dates

Share certificates may not be dematerialised or rematerialised between Wednesday, 9 April 2025 and Friday, 11 April 2025, both days inclusive.

Dividend tax considerations

The interim dividend is payable from income reserves to all holders of ordinary shares recorded in the Company’s register on the record date. The final dividend will be subject to local dividend withholding tax at a rate of 20% unless the shareholder is exempt from paying dividend tax or is entitled to a reduced rate. This will result in a net interim dividend of 68 cents per ordinary share for those shareholders who are not exempt from paying dividend tax.
The income tax number of the Momentum Group is 975 2050 147.

Dividend calculator

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