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Shaftesbury Capital ( (GB:SHC) ) has shared an announcement.
Shaftesbury Capital PLC announced the details of its 2024 final cash dividend, set at 1.8 pence per ordinary share, to be paid as a property income distribution. The dividend, subject to shareholder approval, will be paid on May 30, 2025, with an exchange rate of 25.25590 ZAR to 1 GBP for South African shareholders. The announcement outlines the tax implications for UK and South African shareholders, including withholding tax details and potential exemptions. This move underscores the company’s commitment to providing returns to its shareholders while navigating complex tax regulations across different jurisdictions.
Spark’s Take on GB:SHC Stock
According to Spark, TipRanks’ AI Analyst, GB:SHC is a Outperform.
Shaftesbury Capital benefits from strong financial metrics, positive technical indicators, and strategic corporate actions, such as the partnership with Norges Bank. These factors, combined with its attractive valuation, position the stock favorably for growth.
To see Spark’s full report on GB:SHC stock, click here.
More about Shaftesbury Capital
Shaftesbury Capital PLC operates in the real estate industry, focusing on property income distribution. The company is involved in managing and investing in properties, with a market focus on delivering value to its shareholders through dividends.
YTD Price Performance: -9.56%
Average Trading Volume: 4,376,012
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.21B
For an in-depth examination of SHC stock, go to TipRanks’ Stock Analysis page.