British American Tobacco (M) Bhd (BAT), which reported yesterday an increase in 2002 profits that exceeded market expectations, has proposed another generous dividend payout to its shareholders.
The company's proposed final dividend of 116 sen gross per share for the year ended Dec 31, 2002, brings the total payout for the year to 216 sen per share, compared with 245.4 sen the year before. The 2001 figure was higher because it was boosted by a special dividend of 50 sen per share.