THERE really is no need for companies to announce special dividend payouts ahead of time. When the board decides to give a special dividend, they just have to announce after the meeting has ended. It’s as simple as that.
In relation to this, it begs the question whether Top Glove Corp Bhd
needed to make an announcement of a special dividend way ahead of time?
Top Glove, which is already paying out 50% of its profit, announced an additional 20% payout for the next three quarters starting from the second quarter. This means the company is giving out 70% of profit as dividends to shareholders.
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