Monday, 16 April 2012

BIMB up 3% on dividend updates

KUALA LUMPUR (April 16) : Shares of BIMB HOLDINGS BHD [] rose as much as 3.3% during intraday trade following the Islamic financial services provider’s dividend updates.

The stock rose eight sen to RM2.47 before settling lower at RM2.45 for lunch break.

BIMB which owns Bank Islam Malaysia Bhd and SYARIKAT TAKAFUL MALAYSIA BHD [], said last Friday that it intends to reward shareholders with a final single-tier dividend of 7.25% for financial year ended December 31, 2011.

This compares to a final dividend of 1.6% less 25% tax a year earlier, according to BIMB.

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