Amanah Saham Bumiputera (ASB) unitholders will receive a dividend of 7.50 sen per unit for the financial year ending Dec 31, 2010 compared with 7.30 sen declared last year.
The 7.04 million unitholders who currently hold more than 82.72 billion ASB units will also receive a bonus of 1.25 sen, similar to last year.
The income distribution portion involved a total payout of RM5.93 billion while the bonus portion RM603.34 million.
Dividend income from invested companies contributed RM3.27 billion or 50 per cent of the gross income, and profit from the sale of shares contributed RM2.78 billion or 42 per cent. The remaining eight per cent or RM0.53 billion was derived from investment in short-term instruments and other investments.
The calculation of income distribution is based on the average monthly minimum balance held throughout the financial year of ASB ending December 31, 2010. The calculation of the bonus on the other hand is based on the average monthly minimum balance held by the unit holders in the past ten years, starting from 2001 up to 2010.
The income distribution and bonus will be automatically credited into the respective unit holders’ accounts. Unit holders will be able to update their accounts beginning January 3, 2011.
All transactions for ASB at ASNB head office, ASNB branch offices and agents has been suspended on December 20, 2010 until January 2, 2011, to facilitate the calculation of income distribution and bonus.
ASB is a fixed price equity income fund, opened for Bumiputera aged 12 years and above. This fund is aimed at generating long term, consistent and competitive returns to the unit holders whilst ensuring the preservation of capital at minimal risk tolerance level.
Read more for Historical Dividend Rate for ASB since 1990.