Dividends Declared in 2026: Namibia NSX Companies — Amounts & Payment Dates

Last updated: July 18, 2026 | Reading time: ~6 minutes

Namibia's local board is quietly one of Africa's best income markets. The 2026 season has already produced declarations from five primary-listed companies — the two big banks' holding companies, the Bank Windhoek parent, the dominant telecom and the flagship REIT — with the banks yielding near 10% on trailing payouts. All of it in Namibia dollars, pegged 1:1 to the rand.

This tracker covers NSX primary-listed companies with dividend events in 2026, verified against results announcements and dividend notices.

Quick summary:

• 7 dividend events from 5 companies so far in 2026: FNB Namibia, SBN Holdings, Capricorn Group, MTC (twice) and Oryx Properties.
• The banking trio dominates: FNB Namibia's 221.77-cent interim, SBN's 78-cent final (142c for the year) and Capricorn's 58-cent interim were all declared within ten days of each other in late February/early March.
• MTC pays twice: a 62.28-cent final in February and a 47.78-cent interim due 24 July.
• Namibia levies no dividend withholding on residents; non-residents pay Non-Resident Shareholders' Tax (NRST), typically 10%.

> Track live Namibia market data on the NSX market desk, see our Top 10 NSX stocks guide, or compare payouts across the continent in the 2026 African dividends tracker.

## Dividends Declared in 2026

Amounts are gross. FNB, Capricorn and Oryx run June financial years (H1 ends December); SBN and MTC's final relate to 2025 full years.

## Company Notes

FNB Namibia — 221.77c interim. FirstRand Namibia grew half-year profit 15% to N$1.07 billion and declared the local board's biggest interim, at dividend cover of 1.8× — the top of its target range. With roughly N$5.68 per share distributed over the trailing year, the stock yields around 10% at the current ~N$55.54 price.

SBN Holdings — 78c final, 142c total. Standard Bank Namibia's parent lifted FY2025 profit to N$1.19 billion and its total payout to 142 cents (+2.9%), about N$742 million. At ~N$13.67 a share, that's also a near-10% yield — paid 15 May.

Capricorn Group — 58c interim. The Bank Windhoek parent posted N$920 million in half-year profit and paid 2 April. Together, the three banking groups' late-February declarations make the first week of March the heart of Namibia's income calendar.

MTC — 62.28c + 47.78c. Namibia's dominant mobile operator is the board's steadiest payer, distributing twice a year; the July interim marks another increase in its half-year payout.

Oryx Properties — 58.5c distribution. The REIT's interim distribution rose 11.4%, driven by 16.8% net rental income growth including the Platz am Meer acquisition. REIT investors get most of their return as these distributions.

## What Stood Out This Season

Near-10% bank yields, in rand-pegged currency. FNB Namibia and SBN both yield close to double digits on trailing payouts — hard-currency-adjacent income (via the NAD/ZAR peg) at frontier-market yields, which is the quiet case for Windhoek's local board.

The late-February cluster. FNB, Capricorn and SBN all declared within days of each other. Mark the last week of February for 2027.

Payouts rising across the board. Every 2026 declaration tracked here was flat or up on its prior-year comparable — SBN +2.9%, Oryx +11.4%, MTC's interim up again.

## How Namibia's Dividend Tax Works

Namibian residents pay no withholding tax on dividends from Namibian companies. Non-resident shareholders pay NRST (Non-Resident Shareholders' Tax), generally 10% for individuals and qualifying corporate holders, deducted at source — treaty rates may reduce it further.

## How to Track NSX Dividends

Our Namibia dividend calendar carries declared NSX dividends as they are confirmed. For the continental picture, see the 2026 African dividends tracker.

## FAQ

Which Namibian companies have declared dividends in 2026? FNB Namibia (221.77c interim), SBN Holdings (78c final; 142c FY total), Capricorn Group (58c interim), MTC (62.28c final + 47.78c interim) and Oryx Properties (58.5c interim distribution).

What is the dividend tax in Namibia? None for Namibian residents; non-residents pay NRST, typically 10%, withheld at source.

Which NSX stock has the highest dividend yield? On trailing payouts, FNB Namibia and SBN Holdings both sit near 10% at mid-2026 prices — see the Top 10 NSX stocks guide.

## Sources

• FirstRand Namibia — interim results for the six months ended 31 December 2025 (The Brief coverage; JSE SENS)
• SBN Holdings Limited — FY2025 results announcement (5 March 2026)
• Capricorn Group — consolidated interim results (24 February 2026, NSX announcement)
• MTC (Mobile Telecommunications Limited) — dividend history and interim approval (5 June 2026)
• Oryx Properties — H1 FY2026 interim results and distribution notice
• Mansa Markets Namibia dividend calendar

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.