, acknowledge those listed companies that have generated shareholder returns that outperformed their listed peers.
Selected companies that met the aforementioned criteria but are no longer listed on the JSE or whose share is suspended at August 31 2020 were excluded from the analysis. The executive management of Arena Holdings has also considered certain subjective qualifying criteria relating to the Top 100 Companies’ perceived compliance with good governance and ethical conduct.
Ordinary and special dividends: the gross dividend per share is assumed to be reinvested in the company on the dividend payment date at that date’s closing share price.
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