Riverstone Holdings Announces Dividend Payout in SGD Amidst Currency Fluctuations

The Board of Directors of Riverstone Holdings Limited has disclosed the currency conversion rate for its interim dividend payout, which may influence the company’s stock value. The interim tax-exempt (one-tier) dividend of 4.00 sen (RM) per ordinary share will be paid in Singapore dollars, with the exchange rate set at approximately MYR3.3156: SGD1.00.

This announcement is crucial for shareholders, as it determines the exact value of the dividends they will receive. Consequently, each ordinary share will yield a dividend of SGD0.0121. The payout date is scheduled for 6 December 2024, according to the company’s earlier Notice of Record Date released on 15 November 2024.

The details surrounding the dividend payment are significant, as they may impact the perception of the stock’s value, given the exchange rate fluctuations. Investors should be aware of these details, as they can influence market behavior and potentially affect share prices.

By Order of the Board, the announcement was made by Wong Teek Son, Executive Chairman/Chief Executive Officer, on 25 November 2024.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions.