Super Group: First cash dividend?payout

Jade Denosta July 1, 2024

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Super Group: First cash dividend?payout

Super Group (SGHC), the company behind Betway and Spin casinos, announced on 27 June 2024 that they will start paying cash dividends to their shareholders.

Initial cash payout and ongoing commitment

The company plans to pay at least $0.10 per share on 17 July 2024. To qualify for this first distribution, shareholders must have held stock as of the close of business on 8 July.

“Declaring a dividend shows our confidence in the company and our ongoing strength. We are especially pleased to be able to return capital to our shareholders, while looking to maintain our opportunities for growth.” – Super Group’s CEO Neal Menashe.

Super Group committed to shareholder returns by pledging a minimum annual dividend of $0.10 per share from this year forward. However, the board of directors may approve higher payouts based on the company’s performance. This approach allows Super Group to balance rewarding shareholders and allocating resources for other strategic growth activities.

Shift to quarterly dividends

Super Group is actively considering an upgrade to its dividend programme. The company is evaluating the transition to a quarterly dividend structure by the beginning of 2025 (subject to final board approval). This potential shift would allow investors to receive dividend payments four times a year, significantly increasing the frequency of payouts.

A move to quarterly dividends could significantly enhance the attractiveness of Super Group stock, particularly for income-oriented investors seeking a steady flow of returns. This potential change emphasises Super Group’s long-term commitment to maximising shareholder value and confidence in generating consistent profitability.

Investor engagement approach

The launch of this dividend programme shows a significant event for Super Group. This strategic decision strengthens investor relations by demonstrating a commitment to sharing the company’s success with their shareholders. Additionally, the potential shift to quarterly payouts could attract new stakeholders to participate in Super Group’s ongoing growth. Overall, this announcement marks a positive development for Super Group and their stakeholders.

WHAT’S NEXT: SiGMA East Europe Summit powered by Soft2Bet, happening in Budapest from 2 – 4 September.