Tuesday, 17 April 2012

Grand-Flo proposes final dividend of 1.2 sen a share

KUALA LUMPUR (April 17) : GRAND-FLO SOLUTION BHD [], an enterprise data collection and collation system solutions provider, plans to reward shareholders with a final dividend of 1.2 sen a share for the financial year ended December 31, 2011.

The dividend, which requires Grand-Flo’s shareholders’consent, comprises a gross taxable portion of 0.037 sen and the tax-exempt balance of 1.163 sen. The entitlement and payment dates will be decided later, the company told the bourse on Tuesday.

“The dividend proposed is in line with the dividend policy adopted by the company which aims to distribute to its shareholders a minimum of 20% of the group’s net profits for each financial year.

“Whilst the board believes in rewarding the company’s shareholders with steady returns on their investments and attracting potential long-term investors, the board is mindful that adequate working capital and reserves shall be set aside for capital investments and future potential growth, taking into consideration the global economic conditions,” Grand-Flo said.

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