Wednesday, March 30, 2011

PIE to advance on proposed 35 sen dividend per share

KUALA LUMPUR: Shares of PIE Industrial Bhd are expected to advance on Wednesday, March 30 after it proposed dividends totaling 35 sen per share.

PIE said on Tuesday the board of directors had proposed a special dividend of 23 sen per share less income tax at 25%; and a first and final dividend of 12 sen per share less income tax at 25%.

However, the entitlement date and date of payment of the dividends have yet to be finalised.

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