Apr 26, 2010

United Malacca: To maintain dividend payout at 50%-60%

  United Malacca Bhd (UMCAA) is expected to maintain its level of dividend payouts over the next few years, said its CEO Dr Leong Tat Thim. The mid-sized oil palm planter had been paying dividend 50%-60% of its net profit in the past five years. In respect of the financial year ended 30 Apr 2009 (FY09), UMCAA had declared dividend totalling RM40.2m. Leong said UMCAA was planning to set up a research unit as a means of boosting productivity in its rubber estates as well as
diversifying its business. (Financial Daily)