Dividend - Normal or Special

[VELESTO] Interim Dividend on 29-Oct-2024

Announcement Date: 29-Aug-2024
Related Stock:
VELESTO
VELESTO ENERGY BERHAD
Share Registrar:
VELESTO
VELESTO ENERGY BERHAD
FY: 31-Dec-2024
Amount

RM 0.0025

  • Ex Date
    29-Oct-2024
  • Entitlement Date
    30-Oct-2024
  • Payment Date
    28-Nov-2024
Description
VELESTO ENERGY BERHAD announced a quarterly dividend of RM 0.0025 per share. The dividend is payable on 28-Nov-2024, while the ex-date will be on 29-Oct-2024. This is equivalent to the previous dividend of RM 0.0025 per share, with ex-date of 24-Apr-2024 and paid to the shareholders on 24-May-2024.

Ann. Date Ex Date Amount Payment Date

About VELESTO ENERGY BERHAD
Velesto Energy Berhad, previously known as UMW Oil & Gas Corp Bhd, is a multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.

The company's line of products and services include drilling and workover services for exploration, development, and production of wells in Malaysia and southeast Asia through several offshore drilling rigs and hydraulic workover units. 

Under the oilfield services segment, the company offers threading, inspection, and repair services for Oil Country Tubular Goods in various offshore markets.

Operating revenue is primarily derived from drilling services, which includes ownership and operation of several drilling rigs and hydraulic workover units, or HWUs. Rigs and HWUs are chartered through day-rate-based contracts.

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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