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BackMay 25, 2012
Type Announcement
Subject OTHERS
Description AFFIN HOLDINGS BERHAD ("AFFIN" or the "Company") - DIVIDEND POLICY

The Board of Directors of AFFIN ("Board") wishes to announce that with effect from financial year 2012, the Company will be adopting a dividend policy to pay a minimum dividend based on 50% of the Company's profit after taxation for each financial year, provided the distribution would not be detrimental to the Company's cash requirement or any plans approved by the Board.

In recommending dividends, the Board endeavours to maintain a consistent and regular dividend payment policy that promotes a stable stream of return to the shareholders of AFFIN Holdings Berhad, taking into consideration the allocation of capital resources to support the organic business growth of the Group.

The dividend policy reflects the Directors' current views on the Company's financial position and shall not constitute a legally binding statement in respect of the Company's future dividends which are subject to modification at the Board's discretion.

This announcement is dated 25 May 2012.

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 25 May 2012  
Category General Announcement
Reference No AH-120514-60336