KUALA LUMPUR: United Plantations Bhd's share price was one of the top gainers in the stock market, moving up as much as 44 sen, after its declared final and special dividends of RM1.10 for financial year 2023.
United Plantations' share price was trading 34 sen higher at RM21.26 a share as at 10.35am, giving it a market capitalisation of RM8.8 billion.
Yesterday, United Plantations announceds that it will be paying out a final dividend of 70 sen for the financial year ended Dec 31, 2023, along with a special dividend of 40 sen for the year on May 14, 2024.
This follows a 40 sen interim dividend and 40 sen extraordinary dividend paid out on Dec 14, 2023.
United Plantations saw a 14 per cent jump in net profit for the nine-month period ended Sep 30, 2023 to RM506.8 million.
This was on lower revenue of RM1.5 billion for the period.
