Dividend policy
Sun International’s dividend policy is to return cash to shareholders through ordinary cash dividends, guided by a target payout of approximately 75% of adjusted headline earnings per share (AHEPS). Dividends are typically declared on a semi‑annual basis, subject to earnings, cash generation, balance‑sheet strength and capital requirements.
Our dividend — Sun International
Here, we provide a comprehensive overview of our dividend distributions and payment policies, in line with our commitment to transparency and creating shareholder value. Delve into current and historical dividend data in the links and tables below.
252
cents
H2 2025 cash dividend (cps)
100
cents
special dividend (cps)
8 April
2026
Ex. div.
13 April
2026
Payment date
cps = cents per share
Dividend policy, Board and AGM approval
The Board of Directors determines and approves interim ordinary cash dividends, subject to the authority granted by shareholders, and recommends the final dividend for approval by shareholders at the Annual General Meeting (AGM).
In determining interim dividends and recommending the final dividend, the Board considers the group’s earnings, cash generation, capital expenditure requirements, financing position and balance‑sheet flexibility.
Sun International’s dividend policy is to return cash to shareholders through ordinary cash dividends, guided by a target payout of approximately 75% of adjusted headline earnings per share (AHEPS). Dividends are typically declared on a semi‑annual basis.
Dividend dates and payments
Dividends declared by Sun International are subject to South African dividends tax, which is withheld at source at a rate of 20% for shareholders who are not exempt. Shareholders who are eligible for a reduced rate or exemption under an applicable double taxation agreement must ensure that the required documentation is submitted to the relevant intermediary in advance of the dividend payment. For further information, shareholders are encouraged to consult the South African Revenue Service (SARS) or their broker.
Dividends are declared in South African cents per share and are paid in South African rand to shareholders registered on the record date. Dividend payment dates, record dates and ex‑dividend dates are announced through SENS and on the Sun International website. Shareholders are advised to contact their broker or custodian for settlement and payment details.
Dividend Payments
2025
| Ordinary Cash dividend | Extraordinary Cash dividend | Announcement date | Ex-dividend date | Record date | Payment date | |
|---|---|---|---|---|---|---|
| Final 2025 | Ordinary Cash dividend: 252c | Extraordinary Cash dividend 100c | Announcement date 16 Mar 2026 | Ex-dividend date 8 Apr 2026 | Record date 10 Apr 2026 | Payment date 13 Apr 2026 |
| Interim 2025 | Ordinary Cash dividend: 172c | Announcement date 8 Sep 2025 | Ex-dividend date 23 Sep 2025 | Record date 26 Sep 2025 | Payment date 29 Sep 2025 |
Total Cash dividend for 2025 is 524c.
Share buybacks
During 2025, a share buyback programme was implemented as part of the group’s capital allocation framework. In line with this programme, the group repurchased 2.5 million ordinary shares for a total consideration of R100 million, at an average repurchase price of R40.65 per share. The repurchased shares were cancelled and restored to authorised share capital. The buyback was executed within the group’s solvency and liquidity parameters and reflects management’s disciplined approach to capital allocation and commitment to enhancing shareholder value.
High cash returns
Sun International has delivered a high cash dividend yield of around 9–10%, with dividends representing a significant component of total shareholder return alongside share‑price performance.
This reflects the group’s disciplined capital allocation framework, balancing returns to shareholders with reinvestment in the business and balance‑sheet strength.
Dividends history
2025-2023
R3.42 bn
Last three years
2025 Special Dividend
R256 m
100 cps
2025
R1.14 bn
424 cps
2024
R1.03 bn
398 cps
2023
R1 bn
389 cps
cps = cents per share
