AEL Mining Services Zambia PLC has announced a dividend of 60 ngwee per share

Declaration date: 29/04/2019

Record date: 17/05/2019

Pay date: 20/05/2019

Ex dividend date: 16/05/2019

For year end date: 31/12/2018

Period end date: 31/12/2018

Gross dividend: 0.6

Net dividend: 0.51

Marker: FNL

Frequency: ANL

Tax rate: 15

About the company

AEL Mining Services is a major producer and supplier of explosives, initiating systems and services in Zambia; providing the majority of products needed by customers in the Central African region engaged in copper and cobalt, underground and surface open pit mining. The company has a network of regional manufacturing facilities that produce bulk emulsion explosives for surface and underground mining; the main factory based in Kitwe, otherwise known as the Zambian Copperbelt. AEL Mining Services distributes its products to major players in countries like Malawi, Tanzania and the Democratic Republic of Congo from strategically-located storage and distribution facilities in the Katanga Province in Zambia.