KUALA LUMPUR (March 28): MALAYAN BANKING BHD [] has approved an option for shareholders to receive the electable portion of their dividends partly in cash and to reinvest the remaining portion into new shares.
It said the board had on Wednesday approved the adoption of an additional option for shareholders for the fourth dividend reinvestment plan (DRP) and all its futures DRPs.
On Feb 23, the board had proposed a final cash dividend of 36 sen per share, less 25% tax (equivalent to 24 sen net dividend) for the six-month period ended Dec 31, 2011 which could be reinvested into new shares.
It said the board had on Wednesday approved the adoption of an additional option for shareholders for the fourth dividend reinvestment plan (DRP) and all its futures DRPs.
On Feb 23, the board had proposed a final cash dividend of 36 sen per share, less 25% tax (equivalent to 24 sen net dividend) for the six-month period ended Dec 31, 2011 which could be reinvested into new shares.
