Kossan Rubber Industries Bhd (“the Company”) has targeted a dividend payout ratio of not less than 30% (thirty percent) of the Group’s profit after tax and minority interest excluding any exceptional items.
Besides from the regular payment, the Board of Directors may, from time to time, in their absolute discretion declare/recommend any Special Dividend to be paid out of available reserves after taking into considerations of the Group’s needs such as, operating and capital expenditure, investments and return to shareholders.
The dividend policy of the Company is to distribute to its shareholders surplus funds from its distributable profits and/or general reserves, as may be determined by the Board of Directors, subject to:
Any declaration/recommendation of dividend shall comply with the requirements as stated in the Main Market Listing Requirements issued by Bursa Malaysia.
This Policy Statement is effective from the date of approval. Any of the provisions of this policy may be amended from time to time by the Board of Directors.
