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.
