Minimal relief for shareholders

SHAREHOLDERS of MBSB Bank Bhd (formerly known as Malaysia Building Society Bhd) may find little consolation in the interim dividend of 2.75 sen per share announced on Dec 10 for the third quarter ended Sept 30, 2024.

The dividend is payable on Jan 5, 2025, which means individual shareholders with sizeable holdings might have to pay the new 2% dividend tax that comes into force at the start of the new year.