TDM Bhd (Current Price RM1.85) which involve in Plantation and Healthcare business declared a final dividends of 4 sen per ordinary share less 25% and 9 sen per ordinary share tax-exempted which still subject to Board approvals.
Just for information, TDM have a dividend policy statement of paying out at least 30% of its consolidated annual net profit which was approved on 12th April 2009. (you can refer to TDM website).
I am firm believer of Dividends Don’t Lie, but it should not be the only yardstick of stock selection. Understanding the business, balance sheet and their earnings should remain the main priority.
Some comments on this company by the readers for reference.
For the year 2009, the EPS of TDM has dropped by 44.83% compared to the year 2008. This is not very encouraging. The profitability of this company depends very much on the price of palm oil which has been good so far this year. Hope the price for the rest of the year remains good.
ReplyDeleteYes, agree. If their healthcare division has a faster growth, they will have a more stable earning. Based on their 2009 results, healthcare contributed only around 10% to their total net profit.
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