In a decisive move that underscores its continued financial strength and commitment to shareholder value, CRDB Bank has officially declared a dividend of TZS 65 per share for the financial year ending 31 December 2024. The announcement was made via a formal public notice by the Board of Directors on 14 April 2025.

This dividend declaration not only reflects CRDB’s strong performance in a challenging macroeconomic environment but also sends a clear signal to both existing and potential investors: CRDB remains a resilient, profitable, and shareholder-friendly bank.

💰 Understanding the CRDB Dividend Declaration

A dividend is a portion of a company’s earnings distributed to shareholders. For CRDB Bank shareholders, the TZS 65 per share dividend translates into a tangible return on investment, reinforcing confidence in the bank’s growth strategy and operational efficiency.

🔑 Key Dividend Dates for CRDB Bank to Know:

Investors must act within these key dates to ensure eligibility for the dividend payout. Specifically, those who own shares before the ex-dividend date (7 May 2025) will be entitled to receive the declared dividend.

🔍 Why This CRDB BANK’S Dividend Matters

This dividend issuance is not just a payout—it’s a strategic statement. It highlights several important aspects of CRDB Bank’s financial health:

1. Sustained Profitability

The ability to declare dividends year after year is one of the strongest indicators of a bank’s stability. CRDB’s consistent dividend history reinforces its reputation as a blue-chip stock on the Dar es Salaam Stock Exchange (DSE).

2. Commitment to Shareholder Value

Paying dividends demonstrates that CRDB places high priority on rewarding shareholders, especially in an era where many companies prefer to reinvest profits instead of distributing them.

3. Investor Confidence Booster

Amid inflationary pressures and global financial volatility, the dividend will likely bolster investor confidence, potentially attracting institutional investors and long-term retail investors to the CRDB stock.

📊 CRDB’s Role in Tanzania’s Financial Landscape

As one of the leading banks in Tanzania, CRDB has been pivotal in driving financial inclusion, digital banking innovations, and sustainable development finance. The dividend announcement not only reflects financial gains but also showcases the broader economic impact of the institution.

CRDB’s initiatives in SME lending, agri-finance, and green banking continue to expand its role as a vital engine of Tanzania’s economic growth.

📄 What (CRDB BANK) Shareholders Need to Do to receive their dividend

To receive the dividend, shareholders are urged to update their payment details via the nearest CRDB branch, the official website crdbbank.co.tz, or at the CRDB Head Office.

✔️ Required Documents to receive CRDB Bank dividend:

• Updated dividend form

• One of the following IDs: National ID, Passport, Driving License, or Voter’s ID

🔗 Contact Information for Dividend Inquiries:

Shares Registry Office CRDB Head Office, 10th Floor Ali Hassan Mwinyi Road/Obama Drive Dar es Salaam, Tanzania 📧 Email: shares_unit@crdbbank.co.tz 📞 Mobile: +255 755 197 700 💬 WhatsApp: +255 767 757 215

🔮 The Investment Outlook: Is CRDB Still a Buy?

Financial analysts across East Africa view CRDB as a strong long-term investment, especially for investors looking for dividend income and capital appreciation. Here’s why:

• Robust fundamentals: Solid balance sheet, low NPL ratios, and high return on equity (ROE)

• Digital banking expansion: CRDB continues to lead in fintech integrations and mobile banking services

• Regional growth: The bank has expanded to new markets such as Burundi and DR Congo

With a dividend yield that’s competitive across the regional banking sector, CRDB stock remains an attractive pick for those seeking passive income and portfolio diversification.

📣 A Word from the Board

The dividend declaration was signed by Company Secretary Pascal Mihayo on behalf of the Board. The statement reaffirmed the Board’s commitment to delivering value to shareholders and maintaining transparency with investors.

“The Board of Directors remains committed to prudent financial management and rewarding our loyal shareholders. This dividend reflects our strong results and bright outlook,” said Mihayo.

🌐 What This Means for Tanzanian Capital Markets

CRDB’s proactive communication and consistent dividend policy reflect the maturity of Tanzania’s financial markets. As more local and international investors take interest in East African equities, moves like this one elevate CRDB as a benchmark for governance and corporate responsibility.

This announcement also serves as a financial education opportunity for first-time investors who might be unaware of how dividend cycles work.

✍️ Final Thoughts

The 2024 dividend declaration by CRDB Bank is not just a financial event—it’s a signal of growth, resilience, and shareholder loyalty. At TZS 65 per share, investors can celebrate both past performance and future potential.

For those already holding CRDB shares, the reward is imminent. For prospective investors, this may be the cue to take a closer look at a bank that is not just delivering profits, but also purposeful progress.