DANCO

0.600

+0.015 (+2.6%)

OTHERS DANCOMECH HOLDINGS BERHAD ("DANCOMECH" OR "COMPANY") - REVISED DIVIDEND POLICY

DANCOMECH HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
DANCOMECH HOLDINGS BERHAD ("DANCOMECH" OR "COMPANY")
-	REVISED DIVIDEND POLICY

The Board of Directors of Dancomech (“the Board”) is pleased to announce that the Company has revised its dividend policy to reflect a dividend payout ratio of up to 40% of the Group’s (i.e. Dancomech and its subsidiaries) yearly consolidated profit attributable to shareholders of the Company moving forward, representing an increase as compared to the previous dividend policy of a payout ratio of up to 30%.

 

However, notwithstanding the revision in the dividend policy, such payments, which are at the Board’s absolute discretion, are subject to a number of factors including, among others, the following:

 

i)  The level of cash and level of indebtedness;

ii)  Required and expected interest expense, cash flow, profits and return on equity and retained earnings;

iii)  Expected results of operations and future level of operations; and

iv)  Projected levels of capital expenditure and other investment plans.

 

The Board will re-evaluate and review the dividend policy on an ongoing basis, taking into consideration the Group’s financial position and performance, regulatory environment and business prospects.

 

This announcement is dated 31 March 2021.






Announcement Info

Company Name DANCOMECH HOLDINGS BERHAD
Stock Name DANCO
Date Announced 31 Mar 2021
Category General Announcement for PLC
Reference Number GA1-31032021-00043