Dividend


bursa malaysia

Public-listed companies will be required to provide an e-dividend payment system to shareholders by the third quarter of next year.

Investors will be given a one-year grace period to provide their bank account number to Bursa Malaysia Depository to enable the dividend payments to be credited directly into their bank account.

Stockbroking companies, meanwhile, will by mid-2010 be required to provide e-share payment options for clients to receive and make payments on their share transactions.

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A higher dividend may be expected from the Employees Provident Fund (EPF) this year as it recovers the bulk of its investments overseas after a 14% year-to-date improvement in the Dow Jones Industrial Average, which closed above 10,000 points on Wednesday.

With the Dow Jones recovering to the 9,000-plus level since July, EPF equity investments in the overseas markets are now above costs.

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