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Maybank's Full-year Dividend Payout Totals RM5.9 Bln
Last update: 28/02/2018

KUALA LUMPUR, Feb 28 (Bernama) -- Malayan Banking Bhd's (Maybank)†full-year dividend payout to shareholders for the financial year ended Dec 31, 2017, amounted†to RM5.9 billion.

Its Chairman, Datuk† Mohaiyani Shamsudin, said the†board†has proposed to reward shareholders with a final dividend of 32 sen per share.

"The proposed dividend, to be†made under the dividend reinvestment plan, will comprise 18 sen per share to be paid in cash and an electable portion of 14 sen per share, which can be reinvested into new ordinary shares or paid in cash," she said in a statement announcing the bank's financial results for 2017.

Net profit surpassed the RM7 billion mark for the first time last year.

"Together with the 23 sen interim dividend declared earlier, this makes the full-year payout at RM5.90 billion, or 78.5 per cent, of net profit," she said.

†This translated†into a dividend yield of 5.6 per cent, maintaining Maybank's status among banks offering the highest yields in the region, she said.

-- BERNAMA

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CLOSING, FRIDAY, AUG 3, 2018
US 4.0800/0850
S'pore 2.9770/9811
100 Yen 3.6523/6574
Sterling 5.3064/3146
Euro 4.7222/7292
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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