Absa Group Ltd (AGRPY) recently announced a dividend of $0.74 per share, payable on 2024-05-02, with the ex-dividend date set for 2024-04-18. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Absa Group Ltd's dividend performance and assess its sustainability.
The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending. The New Development Bank's (NDB) two bonds, a 1 billion rand ($52.3 million) five-year note and a 500 million rand three-year note, attracted 2.67 billion rand of bids in total, according to auction results shared by two investors with Reuters.