In a statement today, the company said it translated into a dividend yield of 4.62% based on its share closing price of RM5.41 as at Dec 13, 2012.
The total interim dividend represented a payout ratio of about 60% of the net profits generated for the period ended Sept 30, 2012.
The dividend declaration follows the group’s recently announced third quarter results, where it reported a 55% growth in profits after taxation and zakat of RM67.4 million, from the same period last year.
The group’s third quarter operating revenue, meanwhile, increased by 24% to RM1.29 billion.
Buoyed by three strong quarters of improvement in profits and barring any unforeseen circumstances, the group is poised to achieve another record breaking year.
The directors on Aug 7, 2012, declared an interim dividend of 15% or RM24.42 million single tier in respect of the financial year ending Dec 31, 2012, which was paid on Sept 21, 2012.
This translates into an annualised dividend yield of 3.85% based on the closing price of RM5.20 as at Nov 19, 2012, solely based on interim dividend paid.