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 third quarter ended 31 December 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 28 February 2019.
The transfer book and register of members of the Company will be closed on 15 February 2019 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 14 February 2019 will be registered to determine members’ entitlements to the dividend.
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