Sports Toto dividend payout likely to recover as political headwinds pass

KUALA LUMPUR: Sports Toto Bhd's dividend payout is likely to revert to a historical level of more than 75% as the political headwinds in the country dissipate by FY24, said Hong Leong Investment Bank (HLIB) Research.

Following a meeting with Sports Toto's management, HLIB said the company is taking a conservative stance on conserving liquidity owing to the impending state elections and global economic uncertainties.