Axiata confident of delivering dividend target of 20 sen per share of 2024

KUALA LUMPUR: Telecommunication giant, Axiata Group Bhd is confident that it will be able to raise its dividend payout to 20 sen per share by 2024, which translates to a payout of RM1.8 billion in cash for a capital base of nine billion shares.

Group chief executive officer Datuk Izzaddin Idris said the telco has shifted its gear to transform into a high dividend company -- supported by short- to long-term strategies that would drive growth while creating long-term value for its shareholders.