TDM proposes dividend of 0.5 sen

PETALING JAYA: TDM Bhd has proposed a first and final dividend of 0.5 sen per share, tax exempt under the single-tier system in respect of the financial year ended Dec 31, 2017, subject to shareholders’ approval at the forthcoming 53rd AGM.
Shareholders will be able to either opt to reinvest the whole or part of the dividend into new ordinary shares of TDM.
Its share price was down one sen to 35 sen with some 867,600 shares changing hands.
TDM saw net profit for the financial year ended Dec 31, 2017 go up by 12.9% to RM22.7 million compared with 2016 on higher contribution from the plantation division.
This was on 4.7% higher revenue of RM448.9 million for 2017.