TeleMasters, which listed in March last year, has declared a dividend of 3c for this quarter. So far this year it has paid 9c a share in dividends. <\/p>\n
The company provides telecoms products and services such as least-cost routing, a service that diverts calls to the cheapest network.<\/p>\n
Mario Pretorius, the executive chairman of TeleMasters, said: "It has been a good period for the company." <\/p>\n
It reported an 8.66 percent increase in earnings per share to R19.75 for the nine months to June. <\/p>\n
Profit after tax increased to R8.2 million from R7.56 million for the previous period.<\/p>\n
Revenue grew to R128.4 million for the nine months to June from R108.3 million in the previous period, helped mostly by organic growth. <\/p>\n
TeleMasters’ total cash at the end of the period amounted to R12.4 million, an improvement from R11.3 million in the same period last year. <\/p>\n
Pretorius is confident that the decision to pay quarterly dividends is sustainable. <\/p>\n
The company paid 12c a share in dividends last year. It said the subprime crisis had left many investors wary, hence its decision to give more frequent updates to shareholders.<\/p>\n
Pretorius said: "Quarterly reporting and quarterly payment of dividends is our way of communicating our performance regularly [to shareholders] … who we believe are keen to receive a 13.3 percent dividend yield quarterly."<\/p>\n
He added: "We hope the payment of quarterly dividends will be well received in the market and it will make TeleMasters attractive to investors." He said prospects for further growth were good. <\/p>\n
The shares fell 1.48 percent to close at R1.33.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
AltX-listed TeleMasters would start paying quarterly dividends to shareholders after its stellar performance in the third quarter to June, the firm reported yesterday.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-4680","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/4680"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=4680"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/4680\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=4680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=4680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=4680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}