The Board of Directors of HeveaBoard is pleased to announce the recommendation for the declaration and payment of a first and final single-tier dividend of 2.0 sen per ordinary share of RM1.00 each in respect of the financial year ended 31 December 2013, which is subject to the approval of the shareholders of HeveaBoard at its forthcoming Annual General Meeting. The date of entitlement and date of payment in respect of the aforesaid dividend will be determined and announced in due course.
It made PAT of RM24m for 2013 but it has a high term loan repayment of RM27m a year for 2014 and RM23m for 2015. After that the loan repayment commitment will be reduced and thus it will have more fund for dividend payment from 2016 onwards.
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newbird33
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Posted by newbird33 > 2014-05-11 22:27 | Report Abuse
The Board of Directors of HeveaBoard is pleased to announce the recommendation for the declaration and payment of a first and final single-tier dividend of 2.0 sen per ordinary share of RM1.00 each in respect of the financial year ended 31 December 2013, which is subject to the approval of the shareholders of HeveaBoard at its forthcoming Annual General Meeting. The date of entitlement and date of payment in respect of the aforesaid dividend will be determined and announced in due course.
This announcement is dated 31 March 2014.