The group announced that it is proposing a special tier final dividend of 3 sen per share subject to approval in the group’s next annual general meeting. The entitlement and payment date is expected to be announced on a later date. (Source: Bursa Malaysia)
Comments: The group’s announcement of a special dividend of 3 sen per share is not surprising as we believe that the group is looking to maintain its dividend policy of payout ratio at least 50% of PAT. With this special dividend of 3 sen per share, the group’s total dividend payment per share will increase to 23 sen per share, which translates into a 51% dividend pay-out ratio. We maintain our earnings forecast for now. Maintain HOLD with unchanged TP of RM8.95.
Source: Affin Hwang Capital Research - 3 Nov 2015
Chart | Stock Name | Last | Change | Volume |
---|
Created by kltrader | Jan 03, 2023
Created by kltrader | Sep 30, 2022