KUALA LUMPUR (April 27) : MALAYAN BANKING BHD [] (Maybank) rose as much as 1% as investors chased the stock to capitalise on its dividends. The stock trades ex-dividend on Friday and the final lodgement date falls on this Wednesday.
Shares of Maybank added nine sen to RM8.61 before trading lower at RM8.60 at 10.52am with some 1.5 million shares changing hands.
Maybank plans to reward shareholders with a final cash dividend of 36 sen a share less 25% tax for the six-months ended December 31, 2011. Note that Maybank had changed its financial year end from June 30 to December 31 in July last year.
Shares of Maybank added nine sen to RM8.61 before trading lower at RM8.60 at 10.52am with some 1.5 million shares changing hands.
Maybank plans to reward shareholders with a final cash dividend of 36 sen a share less 25% tax for the six-months ended December 31, 2011. Note that Maybank had changed its financial year end from June 30 to December 31 in July last year.
