SAMUDERA SHIPPING LINE LTD: Proposed Special Dividend and Final Dividend – What You Need to Know
In a recent announcement, Samudera Shipping Line Ltd, a Singapore-based shipping company, revealed its plan to pay out a special dividend and a final dividend for the financial year ended December 31, 2024. Here are the key details you need to know as an investor.
Record Date and Payment Details
The company has announced that it will be closing its Share Transfer Books and Register of Members on Thursday, May 8, 2025, at 5:00 p.m. This move is crucial for determining which shareholders will be eligible to receive the proposed special one-tier tax-exempt dividend of 5.8 Singapore cents per ordinary share and the proposed final one-tier tax-exempt dividend of 1.0 Singapore cent per ordinary share.
Key Dates to Keep in Mind
Record Date: Thursday, May 8, 2025 – This is the date by which shareholders must be recorded in the company’s books to receive the dividend.
AGM Date: 29 April 2025 – The Annual General Meeting where shareholders will discuss and approve the proposed dividends.
Understanding the Dividends
The proposed dividends include:
Special One-Tier Tax Exempt Dividend: 5.8 Singapore cents per ordinary share.
Final One-Tier Tax Exempt Dividend: 1.0 Singapore cent per ordinary share.
These dividends are contingent upon shareholder approval at the upcoming AGM on April 29, 2025. If approved, the payment will be made on May 20, 2025.
Price Sensitivity and Share Value Impact
For shareholders, the announcement of a special dividend and a final dividend is a positive development. It indicates a strong financial position and a commitment to distributing profits back to the investors. The payment of these dividends will likely have a favorable impact on the stock, making it attractive for investors looking for returns in the form of dividends.
Who Will Be Entitled to the Dividend?
To be eligible for the dividend, shareholders must have their names recorded in the company’s register of members or have their Securities Accounts with The Central Depository (Pte) Limited credited with shares as of the Record Date.
What Investors Should Know
Eligibility: Shareholders with shares credited to their Securities Accounts with The Central Depository (Pte) Limited as of the Record Date will be entitled to the dividend.
Closure of Books: The company’s Share Transfer Books and Register of Members will close on May 8, 2025 at 5:00 p.m.
Payment Date: May 20, 2025 – This is when the dividend will be paid out to eligible shareholders.
Conclusion and Disclaimer
Samudera Shipping Line Ltd’s announcement of a special dividend and a final dividend for the financial year ended December 31, 2024, is a significant development for shareholders. The proposed dividends signal a healthy return for investors and a positive outlook for the company’s financial performance.
Disclaimer: This article is based on information available as of the date of publication and is intended for informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any stock. Investors should consult with a financial advisor or conduct their own research before making any investment decisions. The information provided is believed to be accurate but may not be comprehensive or up-to-date; hence, readers should verify all information before investing.
For more insights and updates on Samudera Shipping Line Ltd and other listed companies, stay tuned for further analysis and news.
Disclaimer: This article is a rewrite of a publicly available document and is intended for general information purposes only. It is not a solicitation or recommendation to buy, sell, or hold any securities. Please do your own research or consult with a financial advisor before making any investment decisions.
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