Tanzania Portland Cement Company Limited has announced a dividend of TZS 290 per share

Declaration date: 11/04/2019

Record date: 08/05/2019

Pay date: 30/06/2019

Ex dividend date: 06/05/2019

For year end date: 31/12/2018

Period end date: 31/12/2018

Gross dividend: 290

Net dividend: 275.5

Marker: FNL

Frequency: ANL

Tax rate: 5

About the company

Tanzania Portland Cement Company Limited (TPCC) is a leading cement producer in Tanzania. The company produces cement for the local market and for export to countries in Central and East Africa. The company owns, operates and manages cement factories, grinding plants and terminals as well as cement retail and distribution outlets. TPCC markets its cement products under the following brands; Twiga Extra, Twiga Jenja, Twiga Plus and Twiga Ordinary. TPCC was founded in 1959 by Cementia Holdings AG of Switzerland; nationalised in 1973 and privatised in 1998. It is a subsidiary of Scancem International DA, which has been consolidated into Heidelberg Cement Group of the Federal Republic of Germany and is now known as Heidelberg Cement Africa (HC Africa). Heidelberg Cement Africa operates in seven sub-Saharan countries and has its headquarters in Oslo, Norway.