RHB shareholders approve highest dividend payout ratio of 62.9%

RHB Bank group managing director/group chief executive officer Mohd Rashid Mohamad and chairman Tan Sri Ahmad Badri (right) at its 56th annual general meeting.

KUALA LUMPUR: RHB Bank Bhd’s shareholders approved a final dividend of 25 sen per share, consisting of a cash payout of 15 sen per share and an electable portion under the dividend reinvestment plan of 10 sen per share.

“Together with our interim dividend of 15 sen per share, total dividend for the financial year ended Dec 31, 2021 (FY21) amounts to 40 sen per share or 62.9% payout ratio and a dividend yield of 7.4%, being the highest ever for the group,” chairman Tan Sri Ahmad Badri said in a statement.