Thursday 25 Apr 2024
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KUALA LUMPUR (June 26): Shares of Panasonic Manufacturing Malaysia Bhd rose 5.82% in thin trade after it declared dividends of RM1.27 per share, which comprises final dividend of 35 sen per share and special dividend of 92 sen per share.

At 9.33am, Panasonic rose RM1.28 with 8,200 shares traded.

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 yesterday’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.

(Note: 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.)

 

 

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