Dividends Declared in 2026: Botswana BSE Companies — Amounts & Payment Dates

Last updated: July 9, 2026 | Reading time: ~6 minutes

Botswana runs one of Africa's most shareholder-friendly markets relative to its size. The pula is among the continent's most stable currencies, the withholding tax on dividends is a flat 10%, and the BSE's banks, insurers and consumer names have long payout traditions. In 2026, the first fully confirmed payment in our tracker came from pan-African microlender Letshego Holdings, which paid 10.5 thebe (P0.105) per share in May — an 11% yield at declaration.

This tracker covers BSE-listed companies with dividend events in our Botswana dividend calendar. Amounts are in Botswana pula (P/BWP) per share, gross before the 10% withholding tax.

Quick summary:

• 1 dividend declared and paid in calendar 2026 so far in our tracker: Letshego's P0.105 FY2025 final, paid May 22 (~11.0% at declaration).
• The tracker also carries First National Bank Botswana's most recent payment — P0.205 per share, paid October 31, 2025 — reflecting FNBB's June fiscal year-end, which places its payout cycle in the second half of the calendar year.
• Botswana withholds a flat 10% on dividends.
• Coverage updates as declarations arrive: BSE stalwarts (Absa Botswana, Stanbic-affiliated names, Sechaba, Chobe, Letlole) declare on staggered fiscal calendars through the year.

> Track live Botswana market data on the BSE market desk, or see the continental payout picture in the 2026 African dividends tracker.

## Dividends in Our Tracker

Yields at declaration: Letshego ~11.0%, FNBB ~7.9%. Amounts are gross, before the 10% withholding deduction.

## Company Notes

Letshego Holdings — P0.105 final, paid May 2026. The Gaborone-headquartered microfinance group — with operations in 11 African markets — is the BSE's highest-yielding tracked name this season. Its FY2025 final of 10.5 thebe per share went ex on April 30 and was paid on May 22, 2026, an ~11.0% yield at declaration. Letshego's payout reflects a deliberately high distribution policy as the group returns capital while consolidating its footprint.

First National Bank Botswana — P0.205, paid October 2025. FNBB, the local arm of South Africa's FirstRand group, runs a June financial year-end — so its dividend cycle sits in the second half of the calendar year, not the April–June window most African markets use. Its most recent tracked payment, a P0.205 final for its fiscal 2025, was paid on October 31, 2025 (~7.9% at declaration). On the normal cycle, FNBB's next final declaration follows its annual results later in 2026 — making it the BSE name to watch in H2. Its interim, when declared, typically lands in the first half.

## What Stood Out This Season

Letshego's double-digit yield. An 11% declaration yield from a pula-denominated payer is a striking combination: the pula (managed against a basket dominated by the South African rand and SDR) is among Africa's least volatile currencies, so less of that yield is a currency-risk premium than it would be in most frontier markets.

Botswana's split-season structure. Unlike the May–June cluster on most African exchanges, the BSE's dividend calendar is spread across the year because several heavyweight listings (FNBB among them) follow June or off-calendar year-ends inherited from South African parent groups. For income investors this is a feature: BSE portfolios can generate payments in multiple quarters.

A quiet market, not a stingy one. Botswana's news flow is thin — the BSE publishes declarations via X-News circulars that rarely make international wires — but payout ratios among the banks and consumer names are consistently high. Thin coverage should not be read as thin dividends.

## How Botswana's Dividend Tax Works

Botswana applies a flat 10% withholding tax on dividends, deducted at source, for residents and non-residents alike (treaty relief may reduce the rate for some non-residents). There is no additional dividend tax for individuals — the withholding is final. At 10%, Botswana sits at the investor-friendly end of the African range: level with Nigeria and Uganda, and half of South Africa's 20% dividends tax.

## How to Track BSE Dividends

Our Botswana dividend calendar carries confirmed BSE dividends with ex-dates, record dates, payment dates, declaration yields and USD equivalents at official FX rates. The 2026 African dividends tracker places Botswana in the continental context.

A note on coverage: one calendar-2026 payment (Letshego) is confirmed in our tracker as of this update, with FNBB's H2-cycle declaration the next major event to watch. More BSE distributions will be confirmed through the year — Absa Botswana, Sechaba Brewery Holdings and the property counters all have payout histories — and this page updates as circulars land.

## FAQ

Which Botswana companies have paid dividends in 2026? In our tracker, Letshego Holdings — P0.105 per share, paid May 22, 2026. FNBB's most recent payment (P0.205) was October 2025, with its next declaration expected on its usual H2 cycle.

What is the dividend withholding tax in Botswana? A flat 10%, deducted at source and final.

Why does FNBB pay dividends at a different time of year? FNBB's financial year ends in June (matching parent FirstRand), so its final dividend is declared with annual results and paid around October — outside the April–June window typical of most African exchanges.

## Sources

• Mansa Markets Botswana dividend calendar — compiled from company declarations and BSE X-News circulars
• Letshego Holdings Limited — FY2025 results and dividend declaration
• First National Bank of Botswana Limited — fiscal 2025 final dividend circular
• Botswana Unified Revenue Service — withholding tax on dividends

This tracker is for informational purposes only and does not constitute investment advice. Declared amounts and dates can change if companies amend payment schedules after publication.