TNB’s high dividend policy augurs well for economy

In a filing with Bursa Malaysia, EITA said the contracts are expected to commence any time from the date of the official receipt of the LoAs. They are expected to complete in 490 to 730 days from the date of commencement.

KUALA LUMPUR: High dividend payouts by large-capitalised stocks like Tenaga Nasional Bhd (TNB) augur well for the economy as it spurs consumer spending and boost investor sentiment.

Billions will flow into the system as direct shareholders and account holders of institutional funds with holdings in the company’s shares stand to gain with more money in their pockets, said Sunway University business school professor of economics Yeah Kim Leng.