Lotte Chemical Titan declares 21 sen dividend

KUALA LUMPUR: Lotte Chemical Titan Holdings Bhd has declared a 21 sen dividend per share, bringing its whole payout for the monetary 12 months (FY) ended Dec 31, 2021, to 39 sen per share.

The entitlement date of the dividend is March 22, whereas cost can be made on April 13.

In an announcement, the petrochemicals producer stated it had achieved a revenue after tax and minority curiosity (Patami) of RM1.04bil in FY21 and that the payout represents about 50% Patami payout ratio after deducting the one-off money acquire from LC USA’s partial disposal of fairness curiosity in LACC LLC.

It famous that it has paid whole dividends of RM888.2mil in FY21, which translated to a dividend yield of 18.6% based mostly on the date of the dividend announcement.

“We are going to proceed to reward our shareholders with dividend cost in step with our efficiency for the interval,” stated president and chief government officer Park Hyun Chul.


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