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More companies pay US$ dividends

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MORE companies on the Zimbabwe Stock Exchange are declaring dividends in foreign currency as domestic US dollar earnings soar across the economy, with rising usage of the currency.

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It comes as a number of companies have also reported growing foreign currency sales.
First Mutual Holdings (FML), a publicly traded insurance company, has declared an interim dividend of $125 million ($80 million plus US$125 000) for the half year ended June 30, 2022. Its last dividend was exclusively in Zimbabwe dollars.

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