KUALA LUMPUR (Nov 25): Lotte Chemical Titan Holding Bhd was Bursa Malaysia's sixth top gainer in morning trade on Friday (Nov 25), rising by 8.9% or 13 sen to hit a two-month high of RM1.59, after declaring a special single-tier dividend of 13.98 sen per share.
The dividend, which will be paid out of retained earnings, is payable on Dec 29 with an ex-date of Dec 8, and an entitlement date of Dec 9, it said in a Bursa Malaysia filing on Thursday.
The special dividend is meant to reward shareholders. It will amount to a total dividend payout of RM318.4 million, and translates into a dividend yield of 9.58%, based on its closing share price of RM1.46 on Thursday, said its president and chief executive officer Park Hyun Chul.