Lotte Chemical Titan declares last div of 21c for FY21

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

The entitlement date of the dividend is March 22, 2022, whereas cost will likely be made on April 13, 2022.

In an announcement, the petrochemicals producer mentioned 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 complete dividends of RM888.2mil in FY21, which interprets to a dividend yield of 18.6% primarily based on the date of the dividend announcement.

“We’ll proceed to reward our shareholders with dividend cost in-line with our efficiency for the interval. We’ll deal with our development and enlargement in Indonesia by the LINE Mission and convey worth to our traders,” mentioned president and CEO Park Hyun Chul.

At 12.30pm, shares in Lotte had been unchanged from their earlier reference worth at RM2.10 a share with 1.61 million items exchanging fingers.


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