KUALA LUMPUR (April 23) : CARLSBERG BREWERY MALAYSIA BHD [] rose as much as 1.7% to a record high on Monday morning as investors chased the stock in anticipation of the company’s dividends.
Carlsberg shares, among the top gainers, climbed 20 sen to RM11.70 before trading lower at RM11.60 at 10.29am. About 107,000 shares changed hands.
The brewer has proposed a final payout of 67.5 sen a share comprising a 65.5 sen dividend less tax and a tax-exempt portion of two sen for financial year ended December 31, 2011 (FY11). The stock will trade ex-dividend on May 2 and the final lodgement date is on May 4.
The dividend requires shareholders’ consent at the company’s annual general meeting this Thursday. Should Carlsberg proceed with the final payout, its total dividends for FY11 will come to 72.5 sen a share, translating into a yield of 6.25% based on its latest stock price.
Carlsberg shares, among the top gainers, climbed 20 sen to RM11.70 before trading lower at RM11.60 at 10.29am. About 107,000 shares changed hands.
The brewer has proposed a final payout of 67.5 sen a share comprising a 65.5 sen dividend less tax and a tax-exempt portion of two sen for financial year ended December 31, 2011 (FY11). The stock will trade ex-dividend on May 2 and the final lodgement date is on May 4.
The dividend requires shareholders’ consent at the company’s annual general meeting this Thursday. Should Carlsberg proceed with the final payout, its total dividends for FY11 will come to 72.5 sen a share, translating into a yield of 6.25% based on its latest stock price.
