Amanah Saham Nasional Berhad (ASNB), announced a dividend of 6.60 sen per unit for Amanah Saham 1Malaysia (AS 1Malaysia) for the financial year ended 30th September 2014.
The dividend is 0.10 sen per unit lower then 6.70 sen per unit announced in 2013. Kindly refer to “Historical AS1 Malaysia Dividend Rate” for previous year dividend.
The dividend will involve a total payment of RM664.22 million and will benefit 376,631 unit holders.
As of 22nd September 2014, AS 1Malaysia has recorded a gross income of RM787.23 million. Profit from the sale of shares contributed RM436.89 million or 55.5%, dividend income from investee companies contributed RM231.45 million or 29.4 %, and RM118.89 million or 15.1 % is derived from investment in short term instruments and other income.
The fund had the capacity to distribute income at 8.40 sen a unit. However, the management has agreed to distribute the income at 6.60 sen a unit to ensure continuous returns to AS1M unitholders.
The dividend calculation of the AS 1Malaysia will be based on the average monthly minimum balance held throughout the financial year of the fund.
The dividend will be automatically credited into the unit holders’ accounts on 1st October 2014. In order to facilitate the dividend payment, all transactions for AS 1Malaysia has been suspended starting 25th to 30th September 2014.
Unit holders will be able to update their accounts at ASNB head office, ASNB branch or ASNB agents starting 1st October 2014.