TM will pay 30% dividend soon

Telekom Malaysia Berhad (TM) has made an announcement that it will receive debt repayment from TMI as much as RM4.03b. Out of that amount RM3.51b to be returned to the shareholders.

TM has also agreed to allocate RM382m as final dividend for shareholders.

Outstanding shares of TM are 3.5 billion unit.

It is mean that every share will receive 98 sen capital repayment and 11 sen final dividend. Total amount shareholders will receive is RM1.09 and it is equal to 30.1% based on current price which stand at RM3.56 when this statement is being written.

It is good investment….and still can buy at that price.

And TM is still being rated as “AAA” by local rating agency and “A”. This rating mean low risk investment.

Sabri Jalil