TURBO-MECH BERHAD announced a quarterly dividend of RM 0.0100 per share. The dividend is payable on 24-Jun-2024, while the ex-date will be on 13-Jun-2024. This is higher than the previous dividend of RM 0.0050 per share, with ex-date of 08-Jun-2023 and paid to the shareholders on 22-Jun-2023.
Ann. Date
Ex Date
Amount
Payment Date
About TURBO-MECH BERHAD
Turbo-Mech Bhd is an investment holding company, which engages in the supply of rotating equipment and the provision of maintenance and repair services. The company sells spare parts for oil, gas and petrochemical industries. The firm offers centrifugal, metering, progressing cavity, cryogenic, firewater, and non-seal pumps; and chemical injection skids, air compressors, cooling tower fan and air cool heat exchangers, and steam turbines. It also provides maintenance and overhaul services; and engineering, procurement, and construction services. The group has its presence in Malaysia, Singapore, Indonesia, the Philippines, and Thailand. It generates most of its revenue from Singapore.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to apply
No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.
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