Sime plantation, property units unveil dividend policies

Plantation, property units to declare payouts of 50% and 20% respectively

PETALING JAYA: Sime Darby Group, which is moving a step closer towards spinning off its plantation and property units, has unveiled the dividend policies for the businesses.

Sime Darby Plantation Bhd in its prospectus exposure has targeted for a dividend payout ratio of not less than 50% of its consolidated profit attributable to the owners of the company under the Malaysian Financial Reporting Standards (MFRS) beginning July 1, 2017.