Dividend - Normal or Special

[FAVCO] First and Final Dividend on 07-Aug-2024

Announcement Date: 12-Jun-2024
Related Stock:
FAVCO
FAVELLE FAVCO BHD
Share Registrar:
FAVCO
FAVELLE FAVCO BHD
FY: 31-Dec-2023
Amount

RM 0.0900

  • Ex Date
    07-Aug-2024
  • Entitlement Date
    08-Aug-2024
  • Payment Date
    22-Aug-2024
Description
FAVELLE FAVCO BHD announced a quarterly dividend of RM 0.0900 per share. The dividend is payable on 22-Aug-2024, while the ex-date will be on 07-Aug-2024. This is higher than the previous dividend of RM 0.0400 per share, with ex-date of 15-Aug-2023 and paid to the shareholders on 06-Sep-2023.

Ann. Date Ex Date Amount Payment Date

About FAVELLE FAVCO BHD
avelle Favco Berhad is an investment holding company. The Company's product line consists of heavy lift Offshore, Tower, Wharf and Crawler Cranes. Its tower cranes include Kroll cranes, which are heavy lifting electric hammerhead cranes, and Favelle Favco cranes, which are high speed diesel hydraulic luffing cranes. The Company offers two main series, which include rope luffing and ram luffing set-ups. Its crawler cranes include lattice boom and telescopic boom. Its wharf cranes include level luffing bulk handling cranes. It offers both luffing and hammerhead cranes with diesel hydraulic and electric setups. It operates through Inside Malaysia and Outside Malaysia segments. 

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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