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Mr Price shares leap on bumper annual dividend

Mr Price shares leapt by nearly 12 percent on the bumper annual dividend declared during 53 weeks ended April 3 and as it announced it had gained market share despite Covid-19 restrictions that rocked the retail sector during the year under review. Photo: Siphiwe Sibeko/Reuters Mr Price shares leap on bumper annual dividend By Dineo Faku Share JOHANNESBURG - MR PRICE shares leapt by nearly 12 percent on the bumper annual dividend declared during 53 weeks ended April 3 and as it announced it had gained market share despite Covid-19 restrictions that rocked the retail sector during the year under review. The share price closed the day 11.2 percent higher at R220.47.

UPDATE 2-South Africa s Mr Price resumes final dividend after strong H2

FY Diluted HEPS up 1.9%, up 21.4% in H2 Homeware benefited from home improvement trend Shares surge to two-year high (Recasts with dividend, adds shares, analyst and context) JOHANNESBURG, May 27 (Reuters) - South Africa’s Mr Price said on Thursday it would pay a final dividend after full-year profit rose 1.9% on a strong second half and as it captured a bigger share of the market, pushing its shares to a two-year high. South African clothing retailers were hit hard by COVID-19 lockdowns in April and May last year and the subsequent second wave of COVID-19 infections. Millions of job losses as a result of the pandemic also constrained discretionary spending.

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