KLSE (MYR): PADINI (7052)
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Last Price
3.35
Today's Change
+0.10 (3.08%)
Day's Change
3.23 - 3.43
Trading Volume
1,712,300
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magus
397 posts
Posted by magus > 2018-02-27 10:47 | Report Abuse
and given its large cash pile, its dividend is actually a pittance, especially if seen in the light of its rm5 price. the 11.5 sen annual dividend has not changed in years while its profits and revenues have grown quite substantially over that time. As it generates practically all its more than rm1 billion revenues in cash, the company does not require such a large cash pile and is clearly not using its resources efficiently. And if the company does not have any profitable use for all that cash, then at least distribute a major part of that as dividends to justify its high market price.