Tuesday, 17 April 2012

United Plantations proposes final and special dividend

KUALA LUMPUR (April 17) : United PLANTATION []s Bhd plans to reward shareholders with a special and final dividend with a combined value of 60 sen a share for financial year ended December 31, 2011.

In a statement to the exchange on Tuesday, United Plantations said the special portion comprises a 50% gross payment of the stock’s par value of RM1 less 25% tax. This translates into 37.5 sen a share.

The final dividend of 30% less tax, translates into 22.5 sen. The ex and entitlement dates fall on May 14 and 16 respectively.

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