ASTRO
Fourth Interim Dividend
ASTRO MALAYSIA HOLDINGS BERHAD |
Entitlement subject | Fourth Interim Dividend |
Entitlement description | Fourth Interim Single-Tier Dividend of 1.5 sen per share for the financial year ended 31 January 2020 |
Ex-Date | 08 Apr 2020 |
Entitlement date | 09 Apr 2020 |
Entitlement time | 5:00 PM |
Financial Year End | 31 Jan 2020 |
Period | |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
Payment Date | 24 Apr 2020 |
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 09 Apr 2020 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
Number of new
shares/securities issued (units) (If applicable) |
|
Entitlement indicator | Currency |
Announced Currency | Malaysian Ringgit (MYR) |
Disbursed Currency | Malaysian Ringgit (MYR) |
Entitlement in Currency | Malaysian Ringgit (MYR) 0.0150 |
Par Value (if applicable) |
Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
Remarks : |
The Board does not recommend any final dividends to be paid for the financial year ended 31 January 2020. Total dividend declared in respect of the financial year ended 31 January 2020 amounts to 7.5 sen, equating to a 60% dividend payout ratio. For comparative purposes, total dividend declared in respect of the financial year ended 31 January 2019 amounted to 9.0 sen, equating to a 101% dividend payout ratio. This represents a departure from AMH's dividend policy of paying out at least 75% of consolidated profits for the financial year provided that such distribution will not be detrimental to our Group's cash requirements, or to any plans approved by our Board. Given unprecedented levels of uncertainty and volatility globally stemming from the Covid-19 pandemic, the Board believes this prudent approach is the best course of action, allowing for liquidity to be conserved and our Group's balance sheet to be strengthened. The Board and Management are closely monitoring and proactively managing the COVID-19 situation, and its corresponding impact to business and operations. |
Announcement Info
Company Name | ASTRO MALAYSIA HOLDINGS BERHAD |
Stock Name | ASTRO |
Date Announced | 25 Mar 2020 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-25032020-00001 |
Corporate Action ID | MY200325DVCA0001 |