26-07-2021, 02:25 PM
(26-07-2021, 09:48 AM)ghchua Wrote:(26-07-2021, 08:42 AM)desmondxyz Wrote: good result but they cut their div?
Hi desmondxyz,
Please refer to their updated dividend guidance:
During the FY2020 results’ announcement earlier this year, the Board announced its intent to consolidate its
interim and final dividends with effect from FY2021 into an annual core dividend of up to half its average
sustainable PATMI. In view of the foregoing, the Directors will not be declaring any interim dividend. However,
for the transition year FY2021, the Group expects to pay a total final dividend of not less than 2.5 cents per
share.
The transition year 2021 they will give 2.5 or more. After which it will be up to half its avg sustainable PATMI. There is a chance div will be less than 2.5 cts after 2021 as currently it exceeds 50% of its PATMI.