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Terms & Conditions

Last updated: 2026-06-02

Welcome to AfricanDividends.com (“AfricanDividends”, “we”, “us”, or “our”).

These Terms & Conditions govern your access to and use of AfricanDividends.com, including our website, free content, premium content, dividend data, tools, dashboards, newsletters, emails, subscription services and any related features or services. By accessing or using AfricanDividends.com, creating an account, purchasing a subscription, or using any part of our services, you agree to be bound by these Terms & Conditions.

If you do not agree with these Terms, you should not use AfricanDividends.com.

1. Nature of the Service

AfricanDividends.com provides financial information, dividend data, educational content and research tools related to publicly listed companies, mainly on African stock markets. Our content may include, but is not limited to:

  • dividend history;

  • estimated dividend yield data;
  • ex-dividend dates;
  • payment dates;
  • payout trends;
  • company profiles;
  • stock market guides;
  • dividend calendars;
  • source links;
  • manually reviewed public financial information;
  • educational articles about African stock markets and dividend investing.

AfricanDividends is an information and data platform only. We do not provide investment advice, financial advice, tax advice, legal advice, accounting advice, brokerage services, portfolio management, personalised recommendations or any form of regulated investment service.

2. No Investment Advice

All content published on AfricanDividends.com is provided for general information, education and research purposes only. Nothing on AfricanDividends.com should be interpreted as:

  • investment advice;

  • financial advice;
  • tax advice;
  • legal advice;
  • accounting advice;
  • a recommendation to buy, sell or hold any security;
  • an offer to sell or buy financial instruments;
  • a solicitation to invest;
  • a personalised investment opinion;
  • a guarantee of future performance;
  • a recommendation suitable for your personal financial situation.

You are solely responsible for your own investment decisions. Before making any investment decision, you should conduct your own independent research and consult, where appropriate, a qualified financial adviser, tax adviser, legal adviser, broker or other regulated professional.

3. No Guarantee of Data Accuracy

AfricanDividends.com aims to collect, structure and present dividend data from public sources believed to be reliable, including company announcements, annual reports, investor relations pages, stock exchange publications, market notices, regulatory filings and other publicly available materials. However, we do not guarantee that any data, information, calculation, date, amount, yield, chart, table, source link or company profile on AfricanDividends.com is accurate, complete, current, verified, uninterrupted, error-free or suitable for any specific purpose. Dividend data may contain errors, delays, omissions, duplicates, outdated information, incorrect source references, currency conversion issues, formatting issues, calculation errors, corporate action adjustments, restatement issues, data feed issues or manual input errors. You acknowledge that African dividend data may be difficult to access, incomplete, fragmented, delayed or inconsistent across public sources. You should always verify any information directly with official company documents, stock exchange announcements, your broker, your custodian or another authoritative source before relying on it.

4. Dividend Data and Calculations

Dividend yields, payout trends, growth rates, dividend regularity indicators, charts, dashboards, annual totals or other analytics displayed on AfricanDividends.com may be based on assumptions, historical data, manually entered information, public sources, estimated calculations or available records. Such calculations are provided for informational purposes only. They may be affected by, among other things:

  • exchange rate movements;

  • changes in share prices;
  • special dividends;
  • stock splits;
  • bonus issues;
  • rights issues;
  • corporate restructurings;
  • mergers or delistings;
  • tax withholding;
  • local market rules;
  • incomplete dividend histories;
  • missing historical records;
  • data delays;
  • changes in dividend policy;
  • exceptional or non-recurring distributions.

Past dividends do not guarantee future dividends. A company may reduce, suspend, delay or cancel dividends at any time.

5. African Market Risks

African securities and dividend-paying stocks may involve additional risks, including but not limited to:

  • currency risk;

  • liquidity risk;
  • political risk;
  • regulatory risk;
  • inflation risk;
  • tax risk;
  • capital control risk;
  • market volatility;
  • settlement risk;
  • corporate governance risk;
  • information availability risk;
  • exchange access restrictions;
  • broker or custodian limitations;
  • dividend repatriation difficulties;
  • differences in accounting standards;
  • delays in official publications.

AfricanDividends does not assess whether any security is suitable for you.

6. Account Registration

Some areas of AfricanDividends.com may require you to create an account. You agree to provide accurate, complete and current information when creating an account and to keep your login credentials confidential. You are responsible for all activity that occurs under your account. You must notify us immediately if you suspect unauthorised access to your account. We may suspend, restrict or terminate your account if we believe that you have violated these Terms, provided false information, misused the service or created risks for AfricanDividends or other users.

7. Premium Content and Subscriptions

AfricanDividends may offer free and paid access plans.

Premium content may include access to dividend dashboards, historical dividend data, extended company profiles, dividend calendars, source links, downloadable content, premium articles, newsletters or other restricted features. The exact features included in each plan may change over time. We reserve the right to add, remove, modify, restrict or discontinue any free or premium feature at any time. Purchasing a subscription gives you a limited, personal, non-transferable, non-exclusive right to access the relevant premium content during the subscription period, subject to these Terms. A subscription does not give you ownership of any data, content, database, software, design, dashboard, methodology or intellectual property of AfricanDividends.

8. Payments, Billing and Renewal

Prices, billing periods, payment methods and subscription terms are displayed at the time of purchase. By purchasing a subscription, you agree to pay all applicable fees, taxes and charges. Depending on the payment method and subscription plan, your subscription may renew automatically unless cancelled before the renewal date. You are responsible for ensuring that your payment information is accurate and up to date. We may suspend or terminate access to premium services if payment fails, is reversed, disputed, refunded, cancelled or considered fraudulent. Prices may change in the future. Any price change will apply according to the conditions displayed at the time of subscription or renewal.

9. Cancellations and No Refund Policy

All purchases of AfricanDividends premium access, subscriptions, digital content, dividend data, dashboards, tools, research materials and related digital services are final and non-refundable, except where a refund is required by mandatory applicable law. By purchasing premium access, you acknowledge and agree that AfricanDividends provides immediate access to digital content and digital services. Once access has been granted, no refund, partial refund, credit or reimbursement will be provided, including in cases where you do not use the service, stop using the service, forget to cancel, change your mind, no longer need the service, or are dissatisfied with the content. You may cancel your subscription at any time according to the cancellation process available on AfricanDividends.com or by contacting us. Cancellation prevents future renewal where applicable, but it does not refund amounts already paid for the current subscription period.

If you are a consumer located in the European Union or another jurisdiction that provides a statutory withdrawal right, you expressly request and consent to the immediate performance and delivery of the digital content and digital service before the end of any withdrawal period. You acknowledge that, once access to the digital content or digital service has started, you lose any statutory right of withdrawal to the extent permitted by applicable law.

Nothing in this section limits any mandatory consumer rights that cannot legally be excluded, including rights relating to non-conforming digital content or services where applicable.

10. Free Trials, Promotional Access and Launch Offers

AfricanDividends may offer free trials, promotional access, discounted plans or temporary premium access. Such offers may be modified, restricted, extended or discontinued at any time. We may refuse, suspend or cancel promotional access in cases of abuse, duplicate accounts, suspicious activity, payment fraud or violation of these Terms. Unless expressly stated otherwise, promotional access does not guarantee future free access or continued access to premium features.

11. Acceptable Use

You agree not to misuse AfricanDividends.com. You must not:

  • copy, scrape, harvest, crawl, extract or mass-download data without permission;

  • reproduce, republish, resell, redistribute or commercialise our content or database;
  • use bots, automated tools, scripts, crawlers or scraping technologies;
  • bypass paywalls, access restrictions or security measures;
  • share premium access credentials with others;
  • create multiple accounts to avoid payment;
  • use our content to build a competing database, product or service;
  • interfere with website performance or security;
  • attempt unauthorised access to our systems;
  • upload malicious code or harmful content;
  • use AfricanDividends for unlawful, misleading or fraudulent purposes;
  • present our data as your own without permission;
  • remove copyright, attribution, disclaimers or source notices.

We may monitor usage patterns to detect abuse and protect the integrity of the service.

12. Intellectual Property

All content and materials on AfricanDividends.com, including text, data compilations, charts, dashboards, layouts, design, logos, branding, graphics, databases, methodologies, software, templates and original content are owned by AfricanDividends or its licensors, unless otherwise stated. You may use the website and its content for personal research and informational purposes only. You may not copy, reproduce, modify, distribute, publish, sell, license, create derivative works from, or exploit any part of AfricanDividends.com without prior written permission. Company names, tickers and logos, where mentioned, may be trademarks of their respective owners. They are used for identification and informational purposes only. AfricanDividends is not affiliated with, endorsed by, sponsored by or approved by any listed company, stock exchange, broker, regulator or financial institution mentioned on the website, unless expressly stated.

13. Third-Party Sources and External Links

AfricanDividends.com may link to third-party websites, company documents, stock exchange pages, investor relations materials, regulatory filings, news sources, payment providers, analytics tools or other external resources. We do not control third-party websites or content. We are not responsible for their accuracy, availability, security, legality, privacy practices, terms, content, updates or reliability. A link to a third-party source does not mean that we endorse, verify or guarantee that source. You access third-party websites at your own risk.

14. Availability of the Website

We aim to provide reliable access to AfricanDividends.com, but we do not guarantee uninterrupted, secure or error-free operation. The website may be unavailable, delayed, restricted or disrupted due to maintenance, updates, technical problems, hosting issues, cyberattacks, third-party failures, payment provider issues, data provider issues, software bugs, force majeure events or other reasons. We may modify, suspend or discontinue any part of the website at any time. We are not liable for any loss resulting from website downtime, data unavailability, delayed updates, technical errors, account access issues or service interruptions.

15. Limitation of Liability

To the maximum extent permitted by applicable law, AfricanDividends, its owners, operators, employees, contractors, partners and affiliates shall not be liable for any direct, indirect, incidental, consequential, special, punitive or exemplary damages arising from or related to your use of AfricanDividends.com. This includes, without limitation, losses related to:

  • investment decisions;

  • trading losses;
  • missed opportunities;
  • loss of profits;
  • loss of revenue;
  • loss of data;
  • incorrect dividend data;
  • delayed dividend data;
  • incomplete information;
  • calculation errors;
  • tax consequences;
  • currency losses;
  • broker or custodian issues;
  • reliance on website content;
  • subscription payments;
  • service interruptions;
  • unauthorised account access;
  • third-party links or services.

You agree that you use AfricanDividends.com entirely at your own risk. Nothing in these Terms excludes or limits liability where such exclusion or limitation is not permitted by applicable law.

16. No Warranty

AfricanDividends.com is provided on an “as is” and “as available” basis. We make no warranties, representations or guarantees of any kind, express or implied, regarding:

  • accuracy;

  • completeness;
  • timeliness;
  • reliability;
  • fitness for a particular purpose;
  • suitability for investment decisions;
  • uninterrupted access;
  • data availability;
  • security;
  • error-free operation;
  • commercial value;
  • future performance of any security;
  • correctness of dividend calculations;
  • availability of source documents.

Your use of the website is at your own discretion and risk.

17. User Decisions and Responsibility

You are solely responsible for:

  • assessing the accuracy of information;

  • verifying data with official sources;
  • understanding investment risks;
  • deciding whether any security is suitable for you;
  • complying with tax obligations;
  • complying with laws applicable in your jurisdiction;
  • choosing your broker, custodian or financial adviser;
  • managing your portfolio;
  • protecting your account credentials;
  • evaluating the risks of African markets.

AfricanDividends does not know your financial situation, investment goals, risk tolerance, tax status, country of residence or personal circumstances.

18. Taxes

AfricanDividends does not provide tax advice. Dividend taxation may vary depending on the country of the company, your country of residence, withholding tax rules, tax treaties, broker treatment, account type and personal tax status. You are responsible for understanding and complying with all tax obligations that may apply to you. You should consult a qualified tax adviser before making tax-related decisions.

19. Newsletter and Email Communications

By creating an account or subscribing to our newsletter, you may receive emails from AfricanDividends, including updates, dividend alerts, platform news, premium content notices or marketing communications. You may unsubscribe from non-essential marketing emails at any time using the unsubscribe link or by contacting us. We may still send essential service emails related to your account, payment, subscription, security or legal notices.

20. Privacy and Personal Data

Your use of AfricanDividends.com may involve the processing of personal data. Our collection and use of personal data is described in our Privacy Policy. By using the website, you acknowledge that you have read our Privacy Policy.

21. Termination

We may suspend or terminate your access to AfricanDividends.com, with or without notice, if:

  • you violate these Terms;

  • you misuse premium content;
  • you attempt to scrape or copy data;
  • payment fails or is disputed;
  • you engage in fraudulent or abusive behaviour;
  • your activity creates legal, technical or security risks;
  • we are required to do so by law;
  • we discontinue part or all of the service.

Termination does not affect any rights or obligations that arose before termination.

22. Changes to the Website or Terms

We may update these Terms & Conditions from time to time. The updated version will be posted on this page with a new “Last updated” date. Your continued use of AfricanDividends.com after changes are published means that you accept the updated Terms. If you do not agree with the updated Terms, you should stop using the website and cancel any subscription where applicable.

23. Governing Law and Jurisdiction

These Terms shall be governed by the laws of Poland, unless mandatory consumer protection laws in your country of residence provide otherwise. Any dispute arising from or related to these Terms or the use of AfricanDividends.com shall be submitted to the competent courts of Poland, subject to any mandatory rights available to consumers under applicable law.

24. Contact

For questions about these Terms & Conditions, you can contact us.

AfricanDividends provides financial data and educational content for research purposes only. Nothing on this website constitutes investment advice, financial advice, a recommendation, an offer, a solicitation, or an invitation to buy, sell or hold any security. Dividend data may be incomplete, delayed or inaccurate and should always be verified with official company documents, stock exchange filings, brokers or qualified professionals before making any investment decision.