KUALA LUMPUR: PUBLIC BANK BHD [] will maintain paying out about half of its earnings as dividends and retaining the remainder for its capital requirements.
The group’s chief operating officer Leong Kok Nyem said on Monday: “As far as the group policy on dividend is concerned, 48.3 % is still approximately half of what the bank earns”.
“And the intention is to broadly maintain the half payout of earnings which will allow the bank to retain the other half which is adequate to sustain the growth capital requirements of the public bank group."
In answering questions from the shareholders at the AGM on Monday, Leong also said Public Bank remains the largest in market capitalisation among the non-government owned company on Bursa Malaysia.
“As far as the treasury shares are concerned, we do have 29.8 million treasury shares. That accounts for less than 1% of the share capital of the bank. It would be impractical to do a distribution as dividend because it will be less than one share per 100 shares held by shareholders.
“So the bank is in a position, should the market be appropriate, to realise the RM420 million of values of shares which will enhance the share capital through an open market sale,” said Leong.
The group’s chief operating officer Leong Kok Nyem said on Monday: “As far as the group policy on dividend is concerned, 48.3 % is still approximately half of what the bank earns”.
“And the intention is to broadly maintain the half payout of earnings which will allow the bank to retain the other half which is adequate to sustain the growth capital requirements of the public bank group."
In answering questions from the shareholders at the AGM on Monday, Leong also said Public Bank remains the largest in market capitalisation among the non-government owned company on Bursa Malaysia.
“As far as the treasury shares are concerned, we do have 29.8 million treasury shares. That accounts for less than 1% of the share capital of the bank. It would be impractical to do a distribution as dividend because it will be less than one share per 100 shares held by shareholders.
“So the bank is in a position, should the market be appropriate, to realise the RM420 million of values of shares which will enhance the share capital through an open market sale,” said Leong.
