C.I. Holdings Berhad (KLSE:CIHLDG) has announced its ex-dividend date for the upcoming payment in the next three days, as reported by Simply Wall St. This means that shareholders who purchase the company’s shares before September 21st will be eligible for the dividend payment, which is set to be paid on October 10th.
The dividend payment from C.I. Holdings Berhad will be RM0.15 per share, and over the last 12 months, the company has paid a total of RM0.15 per share. Looking at the distribution history, C.I. Holdings Berhad has a trailing yield of approximately 4.5% based on its current stock price of MYR3.36.
While dividends are certainly attractive to investors, it’s essential to assess whether the company can sustain its dividend payments. C.I. Holdings Berhad appears to have a conservatively low payout ratio, as it paid out just 24% of its profit last year. Furthermore, the company only used 44% of its free cash flow to fund its dividend over the past year.
In terms of growth prospects, C.I. Holdings Berhad has shown strong earnings growth of 26% per year over the past five years. With earnings per share increasing rapidly and a relatively low payout ratio, the company has the potential to increase its dividend in the future.
Over the last seven years, C.I. Holdings Berhad has raised its dividend by an average of approximately 17% annually, signaling a commitment to rewarding shareholders. Both earnings and dividends per share have been growing steadily in recent years.
Although investing in C.I. Holdings Berhad for its dividends may be tempting, it’s important to consider the associated risks. As with any investment, there are factors to be cautious about, including a warning sign associated with the company.
In summary, C.I. Holdings Berhad has announced its ex-dividend date, and shareholders have the opportunity to purchase shares before September 21st to be eligible for the upcoming dividend payment. The company’s dividend appears to be sustainable, with strong earnings growth and a relatively low payout ratio. However, investors should conduct further research and consider any risks associated with the investment.
For more information about C.I. Holdings Berhad and its dividend performance, readers can visit the provided links for a comprehensive analysis.
