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Dividend Policy
Our Board believes that it is important to reward shareholders for their support, through dividend payments, when the Company records positive and sustainable financial performance. In this regard, the Board seeks to achieve an optimum balance between efficient capital management and providing shareholder returns through dividends.
In considering the level of dividends to be recommended, the Company’s Board will take into account various considerations, including but not limited to the following:
- The level of our cash, gearing and retained earnings;
- Our current and expected financial performance;
- Our projected levels of capital expenditure and other investment plans;
- Applicable legal, regulatory, licensing and operating requirements; and
- Any circumstances which may affect or restrict our ability to pay dividends.
We target a pay-out ratio of 60% to 70% of our profit attributable to the owners of our Company for each financial year on a consolidated basis after taking into account working capital, maintenance capital and committed capital requirements of our Company and its subsidiaries.
Dividend Policy