Dividend - Normal or Special

[PCHEM] Second Interim Dividend on 12-Mar-2024

Announcement Date: 26-Feb-2024
Related Stock:
PCHEM
PETRONAS CHEMICALS GROUP BHD
Share Registrar:
PCHEM
PETRONAS CHEMICALS GROUP BHD
FY: 31-Dec-2023
Amount

RM 0.0500

  • Ex Date
    12-Mar-2024
  • Entitlement Date
    13-Mar-2024
  • Payment Date
    26-Mar-2024
Description
PETRONAS CHEMICALS GROUP BHD announced a quarterly dividend of RM 0.0500 per share. The dividend is payable on 26-Mar-2024, while the ex-date will be on 12-Mar-2024. This is lower than the previous dividend of RM 0.0800 per share, with ex-date of 07-Sep-2023 and paid to the shareholders on 21-Sep-2023.

Ann. Date Ex Date Amount Payment Date

About PETRONAS CHEMICALS GROUP BHD
Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into two segments based on product type: Olefins & Derivatives and Fertilizers & Methanol. The Olefins & Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers & Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia, China, and Indonesia.

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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