KUALA LUMPUR (Feb 4): Cahya Mata Sarawak Bhd has revised its dividend policy to a minimum of 30% of its annual consolidated profit after tax and non-controlling interests (PATNCI) to shareholders, or subject to a minimum of 2 sen per share.

The group announced this in a filing with Bursa Malaysia today. Its present dividend policy as stipulated in its annual report is a net payout ratio of 40% of its annual consolidated PATNCI to shareholders, subject to a minimum of 2 sen per share.

The group said the dividend payment is subject to the level of available cash and cash equivalents, return on equity and retained earnings and projected level of capital expenditure and other investment plans.