Monday, 23 April 2012

Bintulu Port among top gainers, 15 sen dividend closely watched

KUALA LUMPUR (April 23) : BINTULU PORT HOLDINGS BHD [] emerged as one of the top gainers across the exchange on Monday, possibly, in anticipation of the port operator’s proposed final dividend of 15 sen a share.

The stock rose as much as 1.4% or 10 sen to RM7.30 as at 3.22pm. The firm plans to reward shareholders with a final dividend of 15 sen a share comprising two single-tier payouts of 7.5 sen each for financial year ended December 31, 2011.

The dividends, if approved by shareholders at the company’s annual general meeting on May 11, will bring total dividends for the year to 37.5 sen which translates into a yield of 5.1% based on the stock’s latest price.

The ex and entitlement dates for the final payout falls on May 11 and 15 respectively.

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