The following balances were taken from the books of KZN Ltd on 31

December 2024, the financial year end of the company:

Occasionally companies build up large reserves from their accumulated

profits. To enable shareholders to derive some tangible benefits from these

reserves, the company may decide to capitalise these reserves and distribute

them among the shareholders in the form of capitalisation shares.

Included

in the capital structure above are the following transaction that took place

during the current financial year that ended on 31 December 2024:

 · 

A Capitalisation issue that the directors made on 1

December 2024 of one ordinary share for every three shares held at R1,00 per

share;

The directors of the company also approved

the following transactions during the year:

· 

The issue of 10 000 8% cumulative preferences

shares at R4 per share on 1 September 2024.

· 

Dividends on ordinary shares was declared at 5c per

share on 31 December 2024. No dividends were declared or paid during

the previous financial year.

What is the total dividend amount payable for

the year ended 31 December 2024?