By Dean Chisambo
The Minority Shareholders Association of Listed Companies (MISALICO) has commended MPICO Group plc for providing dividends to its shareholders, citing the move as a sign of strong corporate governance and financial performance.
Speaking during MPICO’s Annual General Meeting (AGM), MISALICO Secretary General Frank Hara praised the company for its transparency and commitment to shareholder value.
He noted that shareholders were eager to understand both the company’s current performance and its future prospects.
Hara highlighted that the declared dividend of 43 Tambala per share is a positive sign. “This is very encouraging because shareholders always look forward to dividends—that’s how they earn from their investments,” he said.
He further explained that demand for MPICO shares on the stock market is high, but availability is limited.
“There’s strong market interest in MPICO shares, but none are available for sale. That in itself is a clear indication that MPICO is a solid company,” Hara remarked.
He expressed optimism about the company’s future, citing growing demand in the market and consistent performance.
Hara also mentioned that MISALICO is anticipating the release of MPICO’s six-month financial results, which, like other listed companies such as TNM, National Bank, and NBS Bank, are key in informing investment decisions.
“There’s a trading statement expected soon, and shareholders are looking forward to seeing what MPICO has achieved in the first half of the year,” he added.
He emphasized that such trading statements not only reveal the company’s performance but also help indicate whether interim dividends can be expected.
In response, MPICO Board Chairperson Edmund Hami expressed satisfaction with shareholder confidence in the company’s vision and strategy.
He encouraged shareholders to remain patient and assured them of solid returns on their investments.
“Stay calm and trust us—the returns you’re hoping for are coming,” Hami said.
MPICO Group plc is a leading property investment company in Malawi, managing commercial and residential rental properties across the country.
