special dividend

Cortina plans to pay a total dividend of 16 cents for FY2023, one cent more than FY2022's 15 cents

The divestment is expected to unlock value and reduce the REIT’s gearing.

SINGAPORE (Apr 15): On April 4, Uni-Asia Group raised $5.85 million through the issue of 5.42 million shares at $1.08 apiece. The placees are entitled to a dividend per share of 6.25 cents and a special dividend of 0.75 cent announced on March 1 for FY201

SINGAPORE (Dec 17): Maybank Kim Eng is maintaining its “buy” call on NetLink NBN Trust with an unchanged price target of 93 cents, post a reverse roadshow that left the brokerage’s positive view on the stock intact.  

SINGAPORE (Mar 12): Malaysia-based furniture maker LY Corp today posted a full year profit of RM51.2 million ($17.3 million) for FY17, up 17.8% from RM43.5 million in FY16 on higher sales.

SINGAPORE (Jan 24): Datapulse Technology says it expects an approximate gain of $44.6 million from its disposal of its industrial property at 15A Tai Seng Drive, and that it intends to reward its shareholders with a special dividend of 1 cent per share.

SINGAPORE (Nov 13): CIMB Research is maintaining its “add” call on UMS Holdings while raising its target price to $1.21 from $1.13, as it increases its P/BV multiple to 2.88 times versus 2.8 times previously on higher ROEs.

SINGAPORE (Nov 14): RHB Research has maintained its “buy” rating on Silverlake Axis, even after the group’s special dividend from its sale of Global InfoTech (GIT) is expected to be delayed to 2QFY17.

SINGAPORE (Nov 10): UOB Kay Hian is downgrading Nera Telecommunications to “sell” with at target price of 58 cents after the group reported a loss in 3Q on falling margins and one-off forex losses.

SINGAPORE (Nov 8): Nera Telecommunications has declared a 15 cent special dividend from the disposal of its payment solutions business to Ingenico Group S.A. in May for $88.4 million.