HOR KEW CORPORATION LIMITED DECLARES 3.0 CENTS PER SHARE DIVIDEND: WHAT SHAREHOLDERS NEED TO KNOW
HOR KEW CORPORATION LIMITED, a Singapore-incorporated company, has announced that it will be closing its Share Transfer Books and Register of Members on Friday, 9 May 2025, at 5:00 p.m. to determine shareholders’ entitlements to a proposed first and final one-tier tax-exempt dividend of 3.0 cents per share for the financial year ended 31 December 2024.
Key Points:
The Record Date for the dividend is Friday, 9 May 2025, at 5:00 p.m.
The proposed dividend of 3.0 cents per share is subject to shareholder approval at the Twenty-Sixth Annual General Meeting (AGM) on 30 April 2025.
If approved, the dividend will be paid on Friday, 30 May 2025.
Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the capital of the Company as at 5:00 p.m. on the Record Date will be entitled to the proposed dividend.
Important Things for Shareholders to Know:
The closure of the Share Transfer Books and Register of Members on 9 May 2025 means that any share transfers received after 5:00 p.m. on that date will not be registered in time to receive the proposed dividend.
Shareholders who wish to receive the proposed dividend should ensure that their Securities Accounts are credited with shares in the capital of the Company before 5:00 p.m. on 9 May 2025.
What This Means for Shareholders:
The proposed dividend of 3.0 cents per share represents a significant return for shareholders, and the closure of the Share Transfer Books and Register of Members on 9 May 2025 creates a deadline for shareholders to ensure they are entitled to the dividend.
Price-Sensitive Information:
The proposed dividend and the Record Date may have a positive impact on the share price of HOR KEW CORPORATION LIMITED, as it signals a return of value to shareholders. However, investors should note that the dividend is subject to shareholder approval at the AGM, and any changes to the dividend proposal or the Record Date could affect the share price.
Disclaimer:
This article is for informational purposes only and should not be considered as investment advice. Investors should do their own research and consult with a financial advisor before making any investment decisions. The information contained in this article is based on publicly available data and may not be accurate or up-to-date. HOR KEW CORPORATION LIMITED’s share price may fluctuate, and investors should be aware of the risks associated with investing in the stock market.
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