♦ Dividend declared. Parkson proposed a final cash dividend of 6 sen per share (tax-exempt) and a distribution of 1 treasury share for every 100 shares held in the company. This translates to an estimated 11.5 sen dividend per share, based on the assumption of PHB’s share price of RM5.49, implying a payout ratio of ~40% and a yield of 2.1%. The combined total dividend payout exceeded our expectation of a 7 sen cash dividend only.
Parkson Holdings Berhad : Improving Prospects For FY06/11 - 26/08/2010
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