F&N maintains dividend policy

PETALING JAYA: Fraser & Neave Holdings Bhd will maintain its 50% dividend payout ratio policy beyond the expiration of its bottling and distributorship agreements with The Coca-Cola Co in Jan 26, 2010, says chief executive officer Tan Ang Meng.

F&N has been consistently paying dividend rates of 60% to 80% over the last six years. Last year, it paid a net dividend per share of 40.08 sen.