Super Group Announces First Dividend
Super Group, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, announced that its Board of Directors has initiated a dividend program and declared the first cash dividend on its ordinary shares of $0.10 per share.
The dividend is payable on July 17, 2024, to shareholders of record as of the close of business on July 8, 2024. The company intends to pay regular dividends amounting to at least $0.10 per share annually, subject to approval of Super Group’s Board of Directors in its discretion and subject to other potentially advantageous uses of funds. The company will consider paying a higher dividend if business conditions allow. Beginning in the first quarter of 2025, the company’s intention, subject to Board approval, is to pay regular dividends on a quarterly basis.
Chief Executive Officer Neal Menashe said: “Super Group is delighted to be in a position to announce our first dividend, which delivers on our previously stated goal of returning cash to shareholders. 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.”
