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Friday, March 31, 2017

Star dividend players

Friday, 31 March 2017

PETALING JAYA: Star Media Group Bhd is ranked among the top companies on Bursa Malaysia for consistent dividend payouts and positive operating cash flows over the last 10 years.

The publisher of The Star newspaper has a rolling four-quarter dividend yield of 7.34% with a dividend payout ratio of 120.88%, according to statistics compiled by independent research firm

The latest dividend paid out by Star Media Group was nine sen per share that was announced along with its first-quarter results on Feb 27. The shares went ex-dividend on March 29 and the dividends will be paid on April 18.

Due to its consistent dividend payouts over the last 10 years, Star Media Group’s shares are largely held by institutions such as the Employees Provident Fund, Lembaga Tabung Haji (LTH), Great Eastern Life Assurance (M) Bhd and AIA Bhd.

Star Media Group’s shares have been steadily on the rise since the beginning of the year, with total year-to-date gains of slightly over 7%.

It launched its own video-on-demand service through last year as part of the second phase of its plans to embrace digital technology. The bulk of its earnings are still from the print and digital media.

CYL Corp Bhd, a manufacturer of plastic packaging products, topped the table with the best dividend payout ratio and operating profit, as well as positive cash flow over the last 10 years.

CYL has a dividend yield of 8.58% with a payout ratio of 239.72%.

In the financial year ended Dec 31, 2016, the company paid out a dividend of six sen per share, and in 2015, five sen.

Formosa Prosonic Industries Bhd, a company that manufactures sound systems, came in at third spot for its consistent dividend payouts.

The company, which has its manufacturing facilities in Port Klang and Sungai Petani, has a dividend yield of 6.41% and a payout ratio of 109.48%.

In its latest fourth quarter ended Dec 31, Formosa declared a dividend of six sen per share that went ex on Wednesday, with the dividends to be paid out on April 18.

Uchi Technologies Bhd was ranked the fourth-best company for its consistent dividend payouts and positive operating cash flow. The coffee machine maker, which also exports its products overseas, has a dividend yield of 6.14% and a dividend payout ratio of 80.88%.

It declared a final dividend of eight sen per share when it announced its fourth-quarter results last month.

The company also has several institutional funds such as LTH, Eastbow International Ltd and several Public Mutual funds, among others, as its shareholders with a sizeable stake.

Magnum Bhd came in fifth in terms of generosity in dividends on the list of companies on Bursa Malaysia. The numbers forecast operator had a dividend yield of 6.07% last year and a dividend payout ratio of 96.94%.


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