Perhaps, with this record as the best dividend payout player in the Mesdaq’s market, more investors might want to include it into their portfolio hence enhancing its share price.
Reported in The Star(28/7/06)

• REDtone International Bhd has emerged as the top Mesdaq-listed company;
• in terms of dividend payout following its announcement of 4 sen interim dividend for the year ended May 31 payable Sept 15;
• with this third dividend payout totalling RM10.08mil since its listing in January 2004, the company would have paid a total of RM35.28mil in dividends over the past 2½ years, setting a new record on Mesdaq;
• Despite all its three dividend payouts, it has zero gearing, still has about RM31mil cash and a positive net cash flow monthly;
• The company posted a revenue of RM182.33mil and profit of RM18.28mil

If you found this post useful, keep updated with future posts by subscribing to FMAccounting (for free) through RSS or email.

Related Entries

• Malaysia IPO Statistics In Q3’2007
• Do You Meet The Criteria For IPO In Malaysia?
• Dividend Payout Policy: Does It Affects The Company’s Share Price? (Part 1)
• Dividend Payout Policy: Approach To The Dividend Decision (Part 2)
• IPO Development In Malaysia