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

• 
• 
• 

More News Business Headlines      Travel Picks: Top 10 golf resorts around the world      Chinese premier criticizes EU move on trade measures      Justice Department opposes AMR's $20 million severance for CEO Horton      News Corp to take charge of up to $1.4 billion this quarter      Wall Street Week Ahead: Investors look for signs in the rally's break      Unhappy with how your fave series is faring? Amazon gives you a say      Visa, Mastercard ask U.S. court to declare card fees are lawful      Wall Street posts first weekly loss since mid-April on Fed angst      IMF's Lagarde escapes formal investigation in court      Politics of development pays dividend      A thematic play seen      Sarawak counters hogging the limelight      Getting GST acceptance will be tough      A yen for the unloved dollar standard      Bitten by the music bug      Up close and personal with Datuk Richard Curtis      Make our pastime profitable      Should citizens boycott      Tasty Facebook party poopers      First-half 2013 figure seen to surpass that of the same period last year      More can be done to promote private retirement scheme      Tycoon may be planning IPO of football club Cardiff City      MFEA sees sales of home-made furniture abroad declining 10%      YKGI eyes Indonesian, Thai markets      CREC-TBM’s overseas plans hinge on machines sold to Malaysia      Malaysians urged to be ready for digital wave      Misif: Mergers vital for local steel millers to compete      HyppTV goes for bigger market share      Growth in personal loan segment causing concern      Matrix Concepts building Negri houses for KL commuters      Mixed views on direction of inflation      Klang Valley a haven for UOA Dev      Study approved plan before buying house      Living through your midlife      Who has the better chance of bagging that high-salary post?      Snapshorts      Google makes the world go round      Leo Burnett’s new revenue sources      Challenger brands can learn from Sun Tzu Art of War      4As shows flexibility in Boomerang programme      New GM appointed for UM      No rosy Chinese forecasts      Taiwan chops 2013 growth forecast to 2.4%      Philippine March imports down      PM: Aussie economy strong despite end to Ford ops      German consumers more likely to spend, index reaches 6.5 in June      Kyat slumps as imports flood into Myanmar      Vietnamese inflation lowest in eight months      Australia’s Crown sells Echo stake for A$264mil      Global Foreign Exchange Market      Eye on stock      No landscape damage  Go

• It takes nearly 72 hours to get a new polycarbonate passport now
• Najib: Rallies only lead to chaos
• Leave no stone unturned in latest death in lock-up case
• Give birth naturally, women urged
• King launches ‘Colours of 1Malaysia’ at Dataran Merdeka
• Housewife extorted over nude pics
• Election Commission promises utmost transparency in redelineation exercise
• Barisan leaders: 'All for one and one party for all’ a good idea
• Guan Eng confident of Pakatan unity despite pressure
• Too blessed to be stressed
• It can take longer to get a passport for time being
• Penang halts online passport applications
• Authorities move to prevent abuse of social media
• Mission schools ready to provide English-medium education
• Building English confidence among rural kids

• French soldier stabbed on patrol in Paris
• Thousands run final mile of Boston Marathon as memorial
• Trio arrested over London soldier murder

• Pandelela-Mun Yee and Yan Yee-Jun Hoong bag bronze medals in Mexico
• World No. 1 Nicol sinks Waters to reach British Open final
• China confident of sweeping aside their final opponents
• Koreans in the final despite Dong-keun’s loss
• Macdonald and Marques share the lead
• McIlroy among big names who miss the cut as Molinari leads
• Kuchar leads in weather-hit second round
• Two tied at the top as rain stops play in the Bahamas
• Nico Rosberg revels in the rain as Mercedes stamp their mark
• Whitmarsh: McLaren’s hopes were too high this season
• Affendi brushes off hand injury to win CP130 race in Terengganu
• Hafizh needs to step up a gear after coming in fifth
• Vignesa right on track to retain GT Open title
• Dragons’ Melton confident of getting the better of Pringle in Game 2
• Indiana bounce back against Miami to level series

• Please wait.

• Living through your midlife
• Who has the better chance of bagging that high-salary post?
• More can be done to promote private retirement scheme
• Sarawak counters hogging the limelight
• Klang Valley a haven for UOA Dev
• Travel Picks: Top 10 golf resorts around the world
• Misif: Mergers vital for local steel millers to compete
• HyppTV goes for bigger market share
• YKGI eyes Indonesian, Thai markets
• Politics of development pays dividend

Copyright © 1995-2013 Star Publications (M) Bhd (Co No 10894-D) - Investor Relations