Declaration of Dividend for the Year 2014

The Board of Directors of CRDB Bank Plc is pleased to, subject to obtaining approval from the Annual General Meeting of shareholders to be held on 9th May, 2015, declare a dividend of TZS 15 per issued and fully paid up share in line with the Bank’s Dividend Policy. Total dividend of TZS 32.6 billion will be paid out which is higher than 30.4 billion paid out in year 2013 an increase of 7%. Earning per share (EPS) is TZS 43.9; price earning ratio (P/E) is TZS 9.8 and dividend yield of 3.5%.

Pursuant to the declaration of dividend, the timetable for dividend payment will be as follows:

  • Announcement of Dividend Payment:           30th April, 2015
  • Trading of Shares Cum Dividend:                  30th April, 2015 – 20th May, 2015
  • Trading of Shares Ex-Dividend:                     21st May, 2015 onwards
  • Closure of the Members Register:                 25th May, 2015
  • Re-Opening of the Register:                        26th May, 2015
  • Dividend Payment on/or about:                    11th June, 2015

Dividend will be paid directly to shareholders bank accounts; through M-Pesa, Airtel Money and Tigo Pesa for those who have issued such instructions; and through dividend cheques issued and payable at CRDB Bank Plc branches. Tanzania Posts Corporation will make payment through Post Giro Services in areas where there is no branch of CRDB Bank.

Shareholders are required to produce their identity cards and Dar es Salaam Stock Exchange depository receipt for encashment of the cheques.

For communication the contact is:

The Secretary
CRDB Bank Plc
Office Accommodation Scheme Building – Azikiwe Street, 4th Floor
P.O. Box 267
Dra es Salaam
Tel. no. 022 – 211442-7, 2114237 – Fax no. 022 – 2131005
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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