ASM Unitholders Get 6.0 sen Dividend for 2017



ASM

Amanah Saham Nasional Bhd (ASNB), announced a dividend of 6.0 sen per unit for the Amanah Saham Malaysia for the financial year ending 31st March, 2017 which is lower than 6.30 sen declared in 2016.

Kindly refer to “Historical ASM Dividend Rate” for previous year dividend.

The dividend will involve a payout of RM1.0 billion, which will benefit more than 500,000 unit holders who currently hold 17.3 billion units.

As of 28th February 2016, ASM registered a gross income of RM1.2 billion. Of this, profit from the sale of shares contributing RM622.2 million or 52.4 per cent, dividend income from investment companies contributed RM404.2 million or 34 per cent, while the remaining income of RM160.9 million or 13.6 per cent was derived from investments in short term instruments and other income.

The income distribution will be reinvested in additional units of ASM and be automatically credited into unitholders’ accounts on 1st April 2017.

ASM transactions at all branches and agents nationwide will be suspended in between 22nd March to 2nd April 2017 to facilitate the calculation of income distribution. Unitholders can update their investment books starting from 3rd April 2017.

The calculation of the income distribution is based on the average minimum balance held throughout the financial year of ASM.


Leave a Comment