Tiger Brands resumes interim dividend after 21% increase in Heps
By Sandile Mchunu
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DURBAN - TIGER Brands, South Africa’s biggest food producer, yesterday restored the payment of an interim dividend after putting it on hold last year due to the uncertainty created by the Covid-19 outbreak as it reported a 21 percent hike in earnings.
The group, with brands such as Koo, Fattis and Monis, Jungle Oats, Oros, among others, declared a dividend of 320 cents a share during the period.
The declaration of a dividend comes after the South African packaged goods company reported a 21 percent increase in headline earnings per share (Heps) from continuing operations to 741c.