A dividend calendar tracks the timetable for dividend events such as ex‑dividend dates, record dates, and payment dates for stocks listed on the Johannesburg Stock Exchange (JSE). Knowing this schedule helps investors plan their trades to qualify for dividends or to manage cash flow from income‑producing shares.
For most companies listed on the JSE, the annual dividend process follows a pattern:
Last Date to Trade Cum‑Dividend
This is the final day you must still own the shares to be eligible for the dividend.
First Day Ex‑Dividend
Shares begin trading without the dividend attached. Buyers on or after this date aren’t eligible for the upcoming payout.
Record Date
The official cut‑off date when the company determines which shareholders are entitled to receive the dividend.
Dividend Payment Date
The date on which the dividend is actually paid into shareholders’ accounts after the record date. senspdf.jse.co.za+1
As an example of how these dates work on a real JSE listing, here’s the most recent schedule for JSE Limited dividends:
Last Date to Trade Cum‑Dividend: Tuesday, 1 April 2025
First Day Ex‑Dividend: Wednesday, 2 April 2025
Record Date: Friday, 4 April 2025
Dividend Payment Date: Monday, 7 April 2025
Dividend Per Share: R8.28 for the year ended 31 December 2024, up from R7.84 the previous year. StockAnalysis+1
This example shows the typical timing — where the ex‑dividend date precedes the record date by one business day, and payment generally follows a few days after the record date.
Different companies or funds on the JSE may have different dividend frequencies:
Annual Dividends – Many large companies pay cash dividends once a year (as in the example above).
Quarterly Dividends – Some ETFs or income‑focused funds pay smaller dividends every quarter. For example, certain income funds reported quarterly dividend payments in 2025 with ex‑dividend and payment dates in January, April, July, and October. StockAnalysis
Semi‑Annual Dividends – Some funds or ETFs distribute dividends twice a year. StockAnalysis
If you aim to collect dividend income, you should buy the stock before the cum‑dividend date and hold through the ex‑dividend and record dates.
Knowing the payment date helps with planning cash flow and understanding when dividend payouts will hit your brokerage or bank account.
Different companies on the JSE declare dividends at different times. Keeping a consolidated calendar helps you see all upcoming dividends across your portfolio.
Note Withholding Tax: South African dividends are usually subject to a withholding tax (commonly 20%), unless you qualify for specific exemptions.
Check Company Notices: Each listed company issues its own dividend timetable annually or quarterly — so it’s important to track those specific announcements for accuracy.
Dividend Frequency Varies: Not all JSE stocks pay dividends on the same schedule; some pay annually while others are quarterly or semi‑annual.
Comments