Thursday March 14, 2013
ASNB to pay 6.50 sen dividend for Amanah Saham Malaysia
KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has announced a 6.50 sen dividend per unit for Amanah Saham Malaysia (ASM) for the financial year ending March 31.
ASNB has also announced a special income distribution of 0.30 sen per unit as a token of appreciation to ASM investors for their support.
The income distribution of 6.80 sen per unit was higher than the 6.50 sen per unit paid last year, PNB Chairman Tun Ahmad Sarji Abdul Hamid said.
He said the income distribution would involve a total payout of RM913.85mil, an increase of 11.6%, compared with the RM818.62mil paid out last year.
“The payment will benefit 542,809 unitholders who currently hold 13.44 billion units of ASM,” he told a briefing.
PNB president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said the income distribution had the potential to be as much as 8.4 sen per unit, but the group decided to carry forward the remaining 1.6 sen per unit to the next financial year.
“We will continue our focus on investing in properties in the London market. If there are opportunities in terms of new development there, we will look into it,” he added.
Until March 11, ASM had recorded a gross income of RM1.07bil while profit from the sale of shares contributed 47.3% of the gross income.
Dividend income from investment in companies contributed 35.3% while the remaining 17.4% was derived from investments in short-term instruments.
The income distribution would be reinvested in additional units and be automatically credited into unitholders’ account on April 1 to enable them to benefit on the return from the growth of the ASM fund units.
ASM transactions at all branches and agents nationwide would be suspended from March 26-31 to facilitate the calculation of income distribution, and unitholders can update their investment books beginning April 1. — Bernama