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Top Glove announces commitment to 20pc special dividend
A general view of the Top Glove factory in Klang November 24, 2020. u00e2u20acu201d Picture by Yusof Mat Isa

KUALA LUMPUR, Jan 4 — Top Glove Corporation Bhd has committed to a 20 per cent special dividend to reward its shareholders, in consideration of its good profit performance and strong cash flow.

In a statement today, the world’s biggest glove maker said this was in addition to its existing dividend policy of a 50 per cent dividend payout ratio on profit after tax and minority interests (PATAMI), for the second quarter of financial year 2021 (Q2 2021) to Q4 2021 ending August 31, 2021.

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As at 4pm today, Top Glove was one of the most actively traded counters on Bursa Malaysia, however, its share price fell 50 sen to RM5.62 with 323.48 million shares changing hands. — Bernama

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