MNRB HOLDINGS BHD announced a quarterly dividend of RM 0.0445 per share. The dividend is payable on 31-Oct-2023, while the ex-date will be on 10-Oct-2023. This is higher than the previous dividend of RM 0.0250 per share, with ex-date of 07-Oct-2022 and paid to the shareholders on 31-Oct-2022.
About MNRB HOLDINGS BHD
MNRB Holdings Bhd is a reinsurance provider as per the retakaful and takaful system according to the sharia law. It provides reinsurance services in the areas of fire, marine, motor, miscellaneous, and family retakaful. The company is also engaged in investment holding business and mainly operates in Malaysia and United Arab Emirates.
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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