Dividends Declared in 2026: Tanzania DSE Companies — Amounts & Payment Dates

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

Tanzania's 2026 dividend season is a story of two banks — and two of the fattest yields anywhere in African equities. NMB Bank declared a TZS 663 per share final for FY2025, an 11.1% yield at declaration. CRDB Bank, the country's other banking giant, paid TZS 70 per share — smaller in absolute terms because of its much larger share count, but a richer 12.7% declaration yield.

This tracker covers DSE-listed companies with declared 2026 dividend events in our Tanzania dividend calendar. Amounts are in Tanzanian shillings (TZS) per share, gross before the 5% withholding tax applied to dividends from DSE-listed companies.

Quick summary:

• 2 tracked dividends declared and paid so far in 2026 — NMB Bank and CRDB Bank, both FY2025 finals paid in June.
• Both carried double-digit declaration yields: CRDB ~12.7%, NMB ~11.1%.
• Tanzania's withholding tax on listed-company dividends is 5% — one of the lowest rates in Africa, matching Kenya's.
• Coverage updates as declarations arrive: several DSE names (Vodacom Tanzania, TBL, Twiga Cement, DSE itself) typically declare later in the year or on off-calendar fiscal years.

> Track live Tanzania market data on the DSE market desk, or compare payouts across the continent in the 2026 African dividends tracker.

## Dividends Declared and Paid in 2026

Yields at declaration: CRDB ~12.7%, NMB ~11.1%. Both amounts are gross, before the 5% withholding deduction.

## Company Notes

NMB Bank — TZS 663 final. NMB has become East Africa's benchmark dividend bank. The TZS 663 per share final for FY2025 — ex-date May 28, paid June 25 — continues a multi-year run of record payouts funded by what have consistently been the highest bank profits in Tanzania. Even after a strong share-price run, the payout landed at an 11.1% declaration yield. NMB's payout policy targets a substantial share of earnings, and its dividend has grown every year since 2020.

CRDB Bank — TZS 70 final. CRDB's TZS 70 per share for FY2025 (ex May 20, paid June 15) was the higher-yielding of the pair at ~12.7%. CRDB has more than 2.6 billion shares outstanding, so its per-share figure is naturally smaller than NMB's — but the total cash distribution is on a similar scale. Like NMB, CRDB has raised its dividend every year in recent memory, tracking its rapid balance-sheet growth across Tanzania and its Burundi and DRC subsidiaries.

## What Stood Out This Season

Two banks, both double-digit yields. It is rare for the two largest listed companies on any exchange to both yield over 11% at declaration in the same season. Tanzanian bank earnings have compounded at 20%+ for several years while valuations stayed modest — the result is some of the most generous real cash returns available on any African market.

The June payment cluster. Both banks paid within ten days of each other (June 15 and June 25), making mid-June the single most important fortnight of Tanzania's income calendar. Investors wanting the 2027 editions of these payouts need to hold before the May ex-dates.

The rest of the board is still to come. The DSE's non-bank payers — brewer TBL, Vodacom Tanzania, cement names Twiga (TPCC) and Tanga, and the exchange operator itself — sit on different declaration cycles. Our tracker adds them as declarations are confirmed.

## How Tanzania's Dividend Tax Works

Tanzania applies a 5% withholding tax on dividends paid by companies listed on the DSE — half the 10% rate that applies to unlisted companies. The reduced rate is a deliberate incentive for capital-market participation, and it applies to resident and non-resident shareholders alike. The tax is deducted at source and is final for individuals.

Combined with the low tax rate, a CRDB declaration yield of ~12.7% still nets an investor roughly 12% — an after-tax cash return few markets anywhere can match.

## How to Track DSE Dividends

Our Tanzania dividend calendar carries every declared DSE dividend with ex-dates, record dates, payment dates, declaration yields and USD equivalents at official FX rates. For the continental picture, see the 2026 African dividends tracker.

A note on coverage: this page reflects dividends verified in our calendar as of the update date — two so far in 2026. Tanzania's declaration season continues through the year and this tracker updates as new corporate actions are confirmed.

## FAQ

Which Tanzanian companies have paid dividends in 2026? Two tracked so far: CRDB Bank (TZS 70 per share, paid June 15, 2026) and NMB Bank (TZS 663 per share, paid June 25, 2026).

What is the dividend withholding tax in Tanzania? 5% for dividends from DSE-listed companies (10% for unlisted companies), deducted at source.

Which DSE stock had the higher yield in 2026? CRDB — its TZS 70 final represented roughly a 12.7% yield at declaration, versus about 11.1% for NMB's TZS 663.

## Sources

• Mansa Markets Tanzania dividend calendar — compiled from company declarations and DSE notices
• NMB Bank PLC — FY2025 annual results and dividend declaration (AGM notices)
• CRDB Bank PLC — FY2025 annual results and dividend declaration
• Tanzania Revenue Authority — withholding tax rates on dividends of listed companies

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.