The Board completed a review of the dividend policy in November 2016 and had revised the policy to ensure that the dividends are sustainable and paid out of underlying earnings.
The dividend policy had been changed from an absolute amount to one based on a payout ratio ranging from 60% to 80% of underlying net profit for each financial year. The Board's objective is to grow the underlying earnings and dividends over time.
For the second quarter ended 30 September 2018, the Board of Directors has declared an interim dividend of 0.5 cent per ordinary share (tax exempt one-tier). The interim quarterly dividend of 0.5 cent per ordinary share will be paid on 30 November 2018.
The transfer book and register of members of the Company will be closed on 20 November 2018 for the preparation of dividend warrants. Duly completed registrable transfers of the ordinary shares in the capital of the Company received by the Company’s registrar up to 5.00 pm on 19 November 2018 will be registered to determine members’ entitlements to the dividend.
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