Monday, March 28, 2011

Pos rises on dividend plan

KUALA LUMPUR: Shares of POS MALAYSIA BHD [] advanced on Monday, March 28 after it proposed dividends totaling 17.5 sen for the financial year ended Dec 31, 2010.

At 10.20am, Pos was up 12 sen to RM3.35 with 1.39 million shares done.

Pos said on Friday, March 25 its board of directors had recommended a first & final and special dividend of 10 sen and 7.5 sen respectively per ordinary share less 25% tax.

However, the dividends were subject to the shareholders' approval at its AGM. The entitlement date and payment date would be determined and announced later.

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