KPS announces inaugural dividend policy, proposes 2.5 sen final dividend for FY20

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd's board of directors has adopted a dividend policy to pay at least 30% of the group’s normalised profit after taxation and minority interest annually.

The policy, which takes effect immediately, serves as a guideline to ensure that future dividends are declared in reflection of the group’s financial position, operating performance, future investment needs, and other factors deemed relevant to the group, it said in a statement.

"This is to ensure stable and sustainable returns to shareholders. The dividend declaration and payment will either be in an interim or final dividend, subject to the Board’s and shareholders’ approval, respectively," it added.