InnoTek Limited Announces Record Date and Dividend Payment Date: What You Need to Know
In a significant update for shareholders, InnoTek Limited has announced the closure of its Share Transfer Books and Register of Members to determine entitlements to the dividend. Here are the key details that investors need to know:
Key Points:
Record Date and Dividend Payment: The Company will close its Share Transfer Books and Register of Members on 9 May 2025 at 5.00 p.m. to determine shareholders entitled to the dividend.
Dividend Details: The dividend in question is a first and final dividend of S$0.02 per ordinary share, which is one-tier tax exempt.
Eligibility: Shareholders whose securities accounts with The Central Depository (Pte) Ltd (“CDP”) are credited with ordinary shares as at 5.00 p.m. on 9 May 2025 will be entitled to receive this dividend.
Important Dates for Shareholders:
Share Transfer Books and Register of Members Closure: 5.00 p.m. on 9 May 2025
Payment Date for Dividend: The Company will distribute the dividend to shareholders who are registered in the books of the Company at the close of business on the Record Date.
How the Dividend Will Be Distributed:
For shares not registered in the name of The Central Depository (Pte) Ltd (“CDP”), shareholders who wish to be entitled to the dividend must ensure that their registrable transfers are in order and received by the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., by 5.00 p.m. on 9 May 2025.
The Company will pay the dividend to CDP which will, in turn, distribute it to shareholders in accordance with its normal practice.
Payment Details:
Dividend Amount: S$0.02 per ordinary share
Payment Date: 23 May 2025
What This Means for Investors:
This update provides essential information for shareholders of InnoTek Limited. If approved at the AGM on 29 April 2025, the dividend payment signifies a return on investment for shareholders. The closure of the Share Transfer Books and Register of Members on 9 May 2025 implies that any changes to the shareholder register after this point will not be reflected in the dividend payment.
Share Price Impact:
The announcement of a dividend payment often has a positive impact on the company’s stock price, as it signifies a return to shareholders and can attract more investors looking for a steady income stream. However, the actual impact on the share price will depend on various factors including market sentiment, the company’s financial health, and overall performance.
To Consider:
Shareholding as of Record Date: To be eligible for the dividend, investors must ensure they are recorded as shareholders by the specified record date.
Investment Strategy: For those dependent on dividend income, ensuring they are holding shares before the specified record date is crucial.
Disclaimer:
The information provided in this article is based on the announcement by InnoTek Limited and is intended for general informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any shares. Before making any investment decisions, readers should conduct their own research or consult with a financial advisor. The accuracy and completeness of the information provided cannot be guaranteed, and readers are advised to rely on their own judgment when interpreting the data. The article does not serve as an endorsement or recommendation to buy or sell shares in InnoTek Limited or any other entity discussed herein.
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