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IR Adviser :

Dividend Policy

Daibochi has consistently paid dividends to shareholders since its listing in 1990.

The Board of Directors of Daibochi had, since 2009, set and practised the dividend policy of distributing no less than 50% of the Group’s net profit to shareholders. In addition, the dividend is to be paid on a quarterly basis.

Subsequently, upon review of the Group’s continued steady profitability and improved cash flow, the Board announced on 12 July 2012 an upward revision in its dividend policy to distribute no less than 60% of the Group’s annual net profit to shareholders.  The dividend will continue to be paid on a quarterly basis.

The revised dividend policy took effect from the quarter ended 30 June 2012 onwards.

Effective financial year ending 31 December 2017 (FY2017), the Group’s dividend policy would be revised to distribute no less than 60% of Group’s net profit to shareholders, excluding net profit contributions from Daibochi Packaging (Myanmar) Company Limited (Daibochi Myanmar). The dividend is to be paid on a quarterly basis.

This is in line with the Group’s intention to enable Daibochi Myanmar to reinvest its earnings, at least over the next two years, into the operations in order to expand its scope of works and establish a stronger foothold to capture the potential in the Myanmar and South East Asian region.

The Group will review the dividend policy as and when appropriate, taking into account the progress and prospects of Daibochi Myanmar and other opportunities.

The dividend policy aims to attract long-term investors, and enable shareholders to enjoy higher returns in tandem with the expanding business.

© 2009 Daibochi Plastic and Packaging Industry Bhd. All rights reserved.