Special dividend fails to stop price drop

Special dividend fails to stop price drop

The Star Online - Business·2021-01-05 08:01

PETALING JAYA: Shares of the world’s largest glove maker, Top Glove Corp Bhd

, closed lower on the first trading day of the new year despite having committed to a special dividend on top of its existing dividend policy.

The company announced yesterday that it would be committing to a special dividend of 20%, in addition to its existing dividend policy of a 50% dividend payout ratio on profit after tax and minority interests for the second, third and fourth quarter of its 2021 financial year.

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