YTL Power seen delivering lower dividend payout

Rising cost: Additional overhead costs associated with YTL Power’s Paka power plant, seen here, could negatively affect the company’s dividend payout.

PETALING JAYA: YTL Power International Bhd is expected to deliver a lower net dividend yield this year, as additional overhead costs associated with its Paka power plant could negatively affect the company’s dividend payout.

In a report, UOB Kay Hian Research said that it has reduced YTL Power’s expected net dividend yield for the financial year of 2017 (FY17) to 4.7% from 6.8% hitherto, on the back of the dim near-term dividend outlook.