Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) declares 20 percent dividend to its members for financial year end 2011 or RM435 million.
The dividend comprises two parts. 15 per cent or a cumulative RM330 million will be paid in cash and the remaining 5 per cent totalling RM105 million will be offered in the form of bonus share.
For previous year dividend rate, kindly browse “Historical Bank Rakyat Dividend Rate” page.
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One of the best ways to compound and grow your wealth is through investing… and the easiest way is through retail. However, the challenge is always about the right stocks to buy or invest so that you ensure minimal risk and at the same time, gaining maximum returns from of your investments.
Now have you ever wondered why some people almost always win in the stock market? It’s not that they are lucky, but rather, they do follow a simple methodology call – Value Investing.
People like Warren Buffett, Benjamin Graham, Peter Lynch or even Tan Teng Boo, the Warren Buffett of Malaysia.
If you are looking forward to discover how the rich really invest and their secret to success, I do hope that you’ll join me in this upcoming Value Investing Summit on 31st March to 1st April 2012.
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Amanah Saham Nasional Bhd (ASNB), announced a dividend of 6.50 sen per unit for the Amanah Saham Malaysia for the financial year ending 31st March 2012.
The dividend is 0.12 sen per unit was higher than the 6.38 sen paid in 2011. Kindly refer to “Historical ASM Dividend Rate” for previous year dividend.
He said the income distribution would involve a total payout of RM820.24 million, an increase of 8.6 percent compared to the RM755.05 million paid out last year.
The payment will benefit 546,341 unit holders who currently hold 12.62 billion units of ASM.
As of 21st March 2012, ASM has recorded a gross income of RM978.32 million.
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Units trusts are one of the most popular methods of investment. It potentially generates higher returns when compare to fixed deposit or EPF saving. In the past few years, the number of approved unit trust funds, growth steadily.
The table below are the statistics of unit trust funds in Malaysia, including the number of approved fund management companies, no of approved funds, total Net Asset Value (NAV) and its percentage to Bursa Malaysia market capitalization.
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In March 2011, Bank Negara Malaysia announced a new financial guideline to promote prudent financial management among credit card users.
The main objective of the guidelines is to stop the rise in household debt, which stood at RM580bil at the end of 2010. Credit card debt, was about 5% of this or approximately RM30bil.
Credit extended by the banks to the credit cards holders was much higher at RM124bil. This means that most of the card holders were not borrowing on credit cards because interest rates on credit cards are so prohibitively high.
The rates going to be much higher soon, as much as 1.5 percent higher than the current rates. The table below is the current & soon to be tier rates.
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