Home News Company in the news

Yangzijiang Financial Holding to improve dividend payout to at least 40% of earnings

The Edge Singapore
The Edge Singapore5/30/2022 06:44 PM GMT+08  • 1 min read
Yangzijiang Financial Holding to improve dividend payout to at least 40% of earnings
Board members including CEO Vincent Toe had bought shares after trading started / Photo: Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Newly-listed Yangzijiang Financial Holdings has revised its dividend policy of paying at least 30% of its earnings for the FY2022 to FY2024.

In an SGX announcement, the company, which was spun off from Yangzijiang Shipbuilding (Holdings), now plans to pay at least 40% of its earnings as dividends for the same three financial years.

YFH had earlier on May 23 announced it wants to seek shareholders’ mandate to buy back shares which as an NTA of $1.08 per share. It will do so at an EGM on June 8.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now