MAGNI-TECH INDUSTRIES BHD announced a quarterly dividend of RM 0.0500 per share. The dividend is payable on 10-Oct-2024, while the ex-date will be on 18-Sep-2024. This is higher than the previous dividend of RM 0.0330 per share, with ex-date of 10-Jul-2024 and paid to the shareholders on 23-Jul-2024.
Ann. Date
Ex Date
Amount
Payment Date
About MAGNI-TECH INDUSTRIES BHD
Magni-Tech Industries Bhd, through its subsidiaries, is principally engaged in manufacture and sales of garments. In addition, the company also manufactures and distribute flexible plastic and corrugated packaging products. The company is organised into two business segments namely Manufacturing and sales of packaging materials and Manufacturing and sales of garments. The group operates in Malaysia for manufacturing and sales of packaging materials and garments and in Vietnam for manufacturing and sales of garments. Manufacturing and sales of garments segment contribute majorly in the company's revenue.
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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