KUALA LUMPUR (April 3): P.I.E. Industrial Bhd has proposed a special dividend of 2.6 sen a share besides a first and final payout of 2.4 sen for the financial year ended December 31, 2019 (FY19).

In a Bursa Malaysia filing today  P.I.E., which manufactures cables and wires, said it has proposed the single-tier dividends for shareholders’ approval at the company’s annual general meeting.

"However, the entitlement date and date of payment of the dividends have yet to be finalised at the moment. A further announcement will be made at a later date upon finalisation of the entitlement date and date of payment of the above,” said P.I.E., which also assembles printed circuit boards.

At 5pm today, P.I.E.’s share price closed down two sen or 1.87% at RM1.05 for a market capitalisation of RM403.24 million.

The stock saw 124,100 shares traded.