SINGAPORE (Oct 22): Investors looking for companies with the ability to pay higher dividends need look no further than Stamford Land Corp, the company that was the subject of shareholder activism over the past 2½ months, which included shareholder Mano Sabnani questioning a low dividend payout. 

During the market’s bloodbath last week (Oct 9 to 11), Stamford Land’s share price remained remarkably stable because of its share buyback programme. On July 27, during an extraordinary general meeting, shareholders of Stamford Land voted overwhelmingly in favour of the share buyback programme, which enables the company to buy up to 10% of Stamford Land shares between July 27 and the date of its next annual general meeting. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook