Dividend - Normal or Special

[MAGNI] Second Interim Dividend on 17-Dec-2020

Announcement Date: 03-Dec-2020
Related Stock:
MAGNI
MAGNI-TECH INDUSTRIES BHD
Share Registrar:
MAGNI
MAGNI-TECH INDUSTRIES BHD
FY: 30-Apr-2021
Amount

RM 0.1800

  • Ex Date
    17-Dec-2020
  • Entitlement Date
    18-Dec-2020
  • Payment Date
    08-Jan-2021
Description
MAGNI-TECH INDUSTRIES BHD announced a quarterly dividend of RM 0.1800 per share. The dividend is payable on 08-Jan-2021, while the ex-date will be on 17-Dec-2020. This is higher than the previous dividend of RM 0.0200 per share, with ex-date of 24-Sep-2020 and paid to the shareholders on 08-Oct-2020.

Ann. Date Ex Date Amount Payment Date

About MAGNI-TECH INDUSTRIES BHD
Magni-Tech Industries Bhd, through its subsidiaries, is principally engaged in manufacture and sales of garments. In addition, the company also manufactures and distribute flexible plastic and corrugated packaging products. The company is organised into two business segments namely Manufacturing and sales of packaging materials and Manufacturing and sales of garments. The group operates in Malaysia for manufacturing and sales of packaging materials and garments and in Vietnam for manufacturing and sales of garments. Manufacturing and sales of garments segment contribute majorly in the company's revenue.

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.

Market Buzz
Discussions
Be the first to like this. Showing 2 of 2 comments

KoshoLee

The 2nd interim dividend is 18 sen or 1.8 sen ?

2020-12-06 19:08

dawchok

1.8 cts after confirmation from announcement in Bursa Malaysia

2020-12-06 20:40

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