Thursday, March 24, 2011

SEGi sets dividend policy of 50pct of group net profits

KUALA LUMPUR: SEG INTERNATIONAL BHD [] (SEGi) 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.

It said on Thursday, March 24 it has been consistently paying dividends to its shareholders since its listing on Bursa Malaysia Securities Bhd in 1995.

'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.

'The dividend policy aims to demonstrate to the shareholders and potential investors of SEGi the group's commitment to reward its shareholders with consistent returns in line with the earnings growth of the group,' it said.

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