Dividend - Normal or Special

[HLBANK] Interim Dividend on 14-Mar-2024

Announcement Date: 28-Feb-2024
Related Stock:
HLBANK
HONG LEONG BANK BHD
Share Registrar:
HLBANK
HONG LEONG BANK BHD
FY: 30-Jun-2024
Amount

RM 0.2500

  • Ex Date
    14-Mar-2024
  • Entitlement Date
    15-Mar-2024
  • Payment Date
    26-Mar-2024
Description
HONG LEONG BANK BHD announced a quarterly dividend of RM 0.2500 per share. The dividend is payable on 26-Mar-2024, while the ex-date will be on 14-Mar-2024. This is lower than the previous dividend of RM 0.3800 per share, with ex-date of 31-Oct-2023 and paid to the shareholders on 22-Nov-2023.

Ann. Date Ex Date Amount Payment Date

About HONG LEONG BANK BHD
Hong Leong Bank Bhd is based primarily in Malaysia with a regional presence in other Southeast Asian countries, Hong Kong, and mainland China. The bank?s strategy emphasizes technology while offering diverse financial products to its Islamic target base. Its services include personal financial services, business and corporate banking, trade finance, treasury, branch and transaction banking, wealth management, investment banking, and Islamic financial services. A majority of the bank?s earning assets are loans, advances, and financing. Net interest income constitutes the bulk of the bank?s income generation. Most of its revenue is derived from personal financial services.

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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