Mondi Group sets 2024 final dividend exchange rates

Published 20/02/2025, 13:48
Mondi Group sets 2024 final dividend exchange rates

LONDON - Mondi (LON:MNDI) Group, the international packaging and paper firm, has declared a final dividend for the year ended December 31, 2024, of 46.67 euro cents per share. The dividend, pending shareholder approval at the annual general meeting on May 8, 2025, will be paid on May 16 to those on the registers by April 4.

For UK shareholders, the dividend will be paid in sterling, with the exchange rate to be determined on April 24. South African shareholders will receive their dividends in rand, converted at a rate of EUR 1 to ZAR 19.31475, announced today, making the gross dividend 901.41938 rand cents per share.

After a 20% withholding tax, the net dividend for South African tax residents will be 721.13550 rand cents per share. Non-resident shareholders are exempt from this tax, with the dividend’s income source being the UK.

The dividend will be distributed from income reserves, with Mondi plc having 441,412,530 shares in issue, excluding treasury shares, as of today.

Mondi, a FTSE100 constituent listed on the London Stock Exchange (LON:LSEG) (LSE:MNDI) and the JSE Limited (JSE:MNP), reported revenues of €7.4 billion and an underlying EBITDA of €1.0 billion for 2024. The company employs 22,000 people across more than 30 countries and emphasizes sustainability in its operations.

This dividend announcement is based on a press release statement from Mondi Group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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