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Recently, Bank Persatuan declares 6.5 percent dividend to its members for financial year end 31st December 2010. The dividend rate for 2010 was the lowest ever. Previously, the dividend always stay at least 10 percent per year.
Kindly browse “Historical Bank Persatuan Dividend Rate” page for previous year dividend.
For individual members, dividend will be paid by cash at any Bank Persatuan branches nationwide starting 25th August 2011 until 26th September 2011. Meanwhile, individual members who earn more than RM5,000 in dividend and co-operative members, dividend will be paid by cheque.
For financial year end 31st December 2010, Bank Persatuan registered a 11.65 per cent increase in pre-tax profit to RM35.2 million from RM31.5 million in 2009. Bank Persatuan’s gross income rose by 18.1 per cent to RM53.5 million from RM45.3 million.
During the 52nd Annual General Meeting, Bank Persatuan intend to distribute 7.5 percent dividend. However, Suruhanjaya Koperasi Malaysia only approved 6.5 percent.
Lower dividend was due to drastic increase in membership shares from RM291.6 million in 2009 to RM367.4 million in 2010. Share membership increase by 26.0 percent while profit only increase by 11.65 percent.
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- New 2011 Maximum Limit for Share Investment in Bank Persatuan
- Investment Opportunity in Bank Persatuan
- Bank Rakyat Declares 15% Dividend for 2010
- Tabung Haji Declared 5.5% Dividend for 2010
- Bank Rakyat to Accept New Members & Declare 15% Dividend for 2009
- ASNB Declared 6 Sen Dividend for ASN3 in 2010
- 14 % Dividend & Bonus for LTAT Members in 2010
- Tabung Haji Declared 6.0% Dividend for 2011
- EPF Expected to Announce Higher Dividend for 2010
{ 4 comments… read them below or add one }
That’s pretty nice dividend considering that even the EPF dividend was below 6% last year.
is this like ASN or in Bursa ?
malpf.com, it is like ASN
i think its more like bank rakyat, as its a bank koperasi.