The dividend is declared and paid out in Rand for the holders of ordinary shares. For investors in the depositary receipt (ADR) on the NYSE, the dividends are paid out in US dollars.
Sasol declares dividends semi-annually in March and September respectively.
Dividend payments are a fundamental part of shareholder returns. However, given Sasol's current financial leverage and the risk of a prolonged period of economic uncertainty, the Board believes that it would be prudent to continue with the suspension of dividends. This will allow us to continue to protect our liquidity in the short-term and focus on reducing leverage in order to create a firm platform to execute our strategy and drive long term shareholder returns. In addition, in accordance with the covenant amendment agreement with lenders, Sasol will not be in a position to declare a dividend for as long as Net Debt to EBITDA is above 3 times. We expect the balance sheet to regain flexibility following the implementation of our comprehensive response plan.
Details on recent dividends paid/payable are included below.
Dividend history | Date paid/payable | Dividend number | SA cents | US cents |
FY19 Interim Dividend | 18 March 2019 | 79 | 590 | |
28 March 2019 | 30.63 | |||
FY18 Final Dividend | 10 September 2018 | 78 | 790 | |
20 September 2018 | 39.48 | |||
FY18 interim Dividend | 19 March 2018 | 77 | 500 | |
29 March 2018 | 31.09 | |||
FY17 final dividend | 11 September 2017 | 76 | 780 | |
21 September 2017 | 46,13 | |||
FY17 interim dividend | 20 March 2017 | 75 | 480 | |
30 March 2017 | 28.29 | |||
FY16 final dividend | 3 October 2016 | 74 | 910 | |
13 October 2016 | 66.44 | |||
FY16 interim dividend | 11 April 2016 | 73 | 570 | |
21 April 2016 | 30.84 | |||
FY15 final dividend | 12 October 2015 | 72 | 1150 | |
22 October 2015 | 70.54 | |||
FY15 interim dividend | 13 April 2015 | 71 | 700 | |
23 April 2015 | 46.88 | |||
FY14 final dividend | 13 October 2014 | 70 | 1350 | |
24 October 2014 | 101 | |||
FY14 interim dividend | 14 April 2014 | 69 | 800 | |
24 April 2014 | 79 | |||
FY13 final dividend | 14 October 2013 | 68 | 1330 | |
FY13 interim dividend | 15 April 2013 | 67 | 570 | |
25 April 2013 | 67 | |||
FY12 final dividend | 15 October 2012 | 66 | 1180 | |
26 October 2012 | 144 | |||
FY12 interim dividend | 16 April 2012 | 65 | 570 | |
24 April 2012 | 70 | |||
FY11 final dividend | 17 October 2011 | 64 | 990 | |
27 October 2011 | 146 | |||
FY11 interim dividend | 11 April 2011 | 63 | 310 | |
21 April 2011 | 46.12 | |||
FY10 final dividend | 18 October 2010 | 62 | 770 | |
28 October 2010 | 110.21 | |||
FY10 interim dividend | 12 April 2010 | 61 | 280 | |
23 April 2010 | 38.34 | |||
FY09 final dividend | 19 October 2009 | 60 | 600 | |
29 October 2009 | 91.37 | |||
FY09 interim dividend | 14 April 2009 | 59 | 250 | |
24 April 2009 | 27.09 | |||
FY08 final dividend | 13 October 2008 | 58 | 935 | |
23 October 2008 | 99.70 | |||
FY08 interim dividend | 14 April 2008 | 57 | 365 | |
24 April 2008 | 45.94 | |||
FY07 final dividend | 15 October 2007 | 56 | 590 | |
25 October 2007 | 85.60 | |||
FY07 interim dividend | 10 April 2007 | 55 | 310 | |
20 April 2007 | 43.29 | |||
FY06 final dividend | 16 October 2006 | 54 | 430 | |
26 October 2006 | 56.25 | |||
FY06 interim dividend | 10 April 2006 | 53 | 280 | |
20 April 2006 | 45.53 | |||
FY05 final dividend | 17 October 2005 | 52 | 310 | |
27 October 2005 | 46.84 | |||
FY05 interim dividend | 11 April 2005 | 51 | 230 | |
21 April 2005 | 37.17 |