MTN Rwandacell Company Overview
Attractive Return Profile | Dividend Policy
(FRw bn)
Source:
Company information
2,0
2018
25,8%
Historical Dividends Declared
12,4
2019
Payout Ratio
182,1%
2018
2019
45
55
Dividends Outlook
6.9
2020
34.4%
• MTNR will target a minimum dividend pay-out
ratio of 50% of its distributable net income in the
medium term.
• Only exception is 2021 where a pay-out ratio of
at least 30% will be targeted to take account of
the renewal of MTNR's license.
•
•
All dividend pay-out will be subject to board's
recommendation and shareholder approval:
•
Pay-out will take into account MTNR's
cash projections, business outlook,
investment plans, capital market
conditions, tax regulations and funding
facility covenants.
The company may by ordinary resolution of
shareholders on recommendation by the Board
of Directors declare dividends.
2020
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