Riverstone Holdings Announces Interim Dividend: What Shareholders Need to Know

Riverstone Holdings Limited has declared an interim tax-exempt (one-tier) dividend of 4.00 sen (RM) per ordinary share for the financial year ending December 31, 2024. This announcement is significant for shareholders as it underscores the company’s commitment to returning value to its investors.

Important details for shareholders include the record date, set for 5:00 p.m. on November 25, 2024. Shareholders must ensure that their share transfer books and the register of members are updated by that time to be eligible for the dividend. Additionally, shareholders with securities accounts credited with shares at The Central Depository (Pte) Limited as of the record date will also qualify for the dividend.

The payment date for this interim dividend is scheduled for December 6, 2024. Shareholders are advised to ensure that all registrable transfers are submitted to the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., by the record date to avoid any issues with dividend entitlement.

This dividend declaration could potentially influence Riverstone Holdings’ share price, as dividends are often seen as a sign of financial health and can attract more investors looking for income-generating stocks.

The announcement was made by Wong Teek Son, the Executive Chairman and Chief Executive Officer, on November 15, 2024.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their own research or consult with a financial advisor.