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NewsAffin adopts dividend policy of 50% of net profit from 2012
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Affin adopts dividend policy of 50% of net profit from 2012
by hlk Fri 25 May 2012, 19:27
KUALA LUMPUR: Affin Holdings Bhd has adopted a dividend policy to pay a minimum dividend of 50% of the company's net profit for each financial year, starting from 2012.
It said on Friday the caveat was that the distribution would not be detrimental to the company's cash requirement or any plans approved by the board.
"In recommending dividends, the board endeavours to maintain a consistent and regular dividend payment policy that promotes a stable stream of return to the shareholders of Affin Holdings had, taking into consideration the allocation of capital resources to support the organic business growth of the group," it said.
It said on Friday the caveat was that the distribution would not be detrimental to the company's cash requirement or any plans approved by the board.
"In recommending dividends, the board endeavours to maintain a consistent and regular dividend payment policy that promotes a stable stream of return to the shareholders of Affin Holdings had, taking into consideration the allocation of capital resources to support the organic business growth of the group," it said.
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