Vodacom Group declared a full-year dividend that beat analysts’ estimates, according to a statement on Monday.
The company, majority owned by the UK’s Vodafone Group Plc, announced a payout for the year through March of R7.35, up from R6.20 a year earlier.
The dividend compared with an average estimate of R7.05 a share by analysts in a Bloomberg survey.
The wireless carrier reported net income of R20.7 billion ($1.3 billion), compared with R16.6 billion a year earlier and a Bloomberg estimate R19.55 billion.
Its shares on the Johannesburg Stock Exchange are up 11% over the past year.
BLOOMBERG
