KUALA LUMPUR: Shares in Naim Holdings Bhd rose in early trade following its plan to use RM90mil from land sale as dividend.
The property developer rose 2.27%, or two sen to 90 sen, its highest in two weeks, with 1.86 million shares done.
The group intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.
This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares).
Naim said the cash dividend is to reward shareholders for their investment and continued
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Financial Year Revenue ('000) Net ('000) EPS Report
31 Dec, 2020 186,395 -16,566 -3.31
31 Dec, 2019 410,769 56,333 11.25 View
31 Dec, 2018 581,931 64,664 27.30