Marco Polo Marine Declares Final Dividend for FY2024 – Here’s What Shareholders Need to Know Key Highlights from the Announcement Marco Polo Marine Ltd, a Singapore-incorporated company, has officially announced the details regarding its final dividend for the financial year ended 30 September 2024. Shareholders can expect a tax-exempt one-tier final dividend of 0.1 Singapore cents (S\$0.001) per ordinary share. Here are the critical details: Record Date: Share transfer books and Register of Members will close at 5:00 p.m. on Monday, 17 February 2025. Entitlement Criteria: Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares as of 5:00 p.m. on the record date will be entitled to the dividend. Dividend Payment Date: The final dividend will be disbursed on Friday, 7 March 2025. Share Registrar: Duly completed and stamped share transfers must be submitted to B.A.C.S. Private Limited at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896 by 5:00 p.m. on the record date to qualify for the dividend. What This Means for Shareholders This announcement is significant for Marco Polo Marine’s shareholders, as it represents a direct return on investment for the financial year 2024. The tax-exempt status of the dividend ensures that shareholders receive the full amount without additional tax implications, making it an attractive proposition for investors. Investors should note that corporate actions like dividend declarations can affect share prices. While the dividend yield of 0.1 cents per share is relatively modest, such announcements often signal a company’s stable financial health and commitment to rewarding shareholders, potentially influencing investor sentiment. Potential Impact on Share Prices Dividend declarations are often viewed as a positive indicator of a company’s financial stability and profitability. Although the declared dividend amount is small, the announcement may still have a mild positive impact on Marco Polo Marine’s stock price due to improved investor confidence in the company’s performance and fiscal discipline. Shareholders and potential investors should monitor trading activity closely in the lead-up to the record date to gauge market sentiment. Additionally, those looking to qualify for the dividend should ensure their shareholdings are accurately recorded with the Central Depository by 5:00 p.m. on 17 February 2025.
