KUALA LUMPUR: RHB Research Institute is positive on SEG International's plans to pay out 50% of its earnings as dividends.
RHB Research said on Friday, March 25 it was maintaining its FY11-13 annual gross dividends of 17 sen to 30 sen a share, which translate to gross yields and net payout ratios of 3.7%-6.5% and 49.6%-51.0% respectively.
It has a fair value for SEGi at RM4.44.
SEGi announced on Thursday it has set a dividend policy to distribute a minimum of 50% of the group net profits to its shareholders, with effect from the financial year ending Dec 31, 2011.
SEGi said the board''believes that the dividend payout of a minimum of 50% of its net profits is within the group's financial capability considering its future earnings growth.
RHB Research said on Friday, March 25 it was maintaining its FY11-13 annual gross dividends of 17 sen to 30 sen a share, which translate to gross yields and net payout ratios of 3.7%-6.5% and 49.6%-51.0% respectively.
It has a fair value for SEGi at RM4.44.
SEGi announced on Thursday it has set a dividend policy to distribute a minimum of 50% of the group net profits to its shareholders, with effect from the financial year ending Dec 31, 2011.
SEGi said the board''believes that the dividend payout of a minimum of 50% of its net profits is within the group's financial capability considering its future earnings growth.
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