UEM Sunrise on track to resume dividend payout

Following Maybank IB Research’s recent meeting with UEM Sunrise, the research house said “potential surprises could come from the resumption of dividend payment from 2022 onwards.”

KUALA LUMPUR: Property developer UEM Sunrise Bhd is likely to resume dividend payments from this year as it aims to turn around the company on the back of strong sales and progress billings as well as land sales.

UEM Sunrise has not been declaring dividend payouts for its shareholders since 2016 although it has a policy of 20% to 40% of its realised profit after tax and minority interests.