Star declares bumper dividend, considers investments outside media

Generally, analysts have been speculating of a bumper dividend since the sale of Cityneon

PETALING JAYA: Star Media Group Bhd, which will be sitting on a healthy pile of cash following the disposal of its Singapore subsidiary, will consider investments outside its core media sector as long as the returns enhance the performance of the company and value to stakeholders.

The company has also declared a bumper dividend of 30 sen per share in addition to the six sen interim dividend. The shares will go ex-dividend on Sept 29 and will be paid out on Oct 17.