Innoprise an attractive dividend yield stock

PETALING JAYA: Innoprise Plantations Bhd is being touted as an attractive dividend yield stock by RHB Research on expectations of a weaker price cycle for crude palm oil (CPO) moving into 2023.

The Sabah-based planter pays out at least 80% of earnings as dividends and has zero debt. It had a cash balance of RM34.8mil at the end of financial year 2021 (FY21).