FREE cash flows (FCF) among Malaysian public-listed companies are set to go up in the next few years and look likely to be returned to shareholders as dividend payouts, Citibank Bhd vice-president for Investment and Insurance Charles Sik said.
The increasing FCF (operational cash flows minus the dividend) of familiar Malaysian companies offers more room for dividend payout to rise, going forward, he said. “Strong dividends are reflective of financially sound companies, which often are rewarded with long term share price appreciation,” Sik told reporters at a Citibank Media Roundtable presentation in Kuala Lumpur yesterday.
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