KUALA LUMPUR (June 25): Panasonic Manufacturing Malaysia Bhd has declared dividends of RM1.27 per share, which comprises final dividend of 35 sen per share and special dividend of 92 sen per share.

This brings the total dividend declared for the financial year ended March 31, 2015 to RM1.42 per share, including an interim dividend of 15 sen — nearly double of the amount of 73 sen per share paid in the previous financial year.

Based on today’s closing price of RM22, Panasonic’s dividend yield was at 5.77%.

In two separate filings to Bursa Malaysia today, Panasonic (fundamental: 2.8; valuation: 2) said the dividend would be payable on Sept 21.

The cash rich electric appliances maker said its shares would trade ex-dividend on Sept 3.

Panasonic posted net profit of RM23.87 million for the fourth quarter ended March 31, 2015 (4QFY15), compared with RM18.92 million in the previous corresponding quarter. Quarterly revenue was weaker at RM180.18 million against RM195.51 million.  

The group’s annual net profit was higher at RM99.54 million, compared with RM80.79 million; while revenue was stronger at RM931.02 million against RM899.21 million.  

Panasonic was one of Insider Asia's Top 10 stocks for 2015. It was last featured as Insider Asia's Stock of The Day on Feb 2.  

Panasonic's share price dropped 10 sen at RM22 today, for a market capitalisation of RM1.342 billion. Year to date, the stock has gained almost 20%, outperforming FBMKLCI's 2.05% decline.  

(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)