GGRAsia – Genting Malaysia flags 2014 final dividend

Genting Malaysia flags 2014 final dividend

May 11, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Genting Malaysia Bhd has declared a final single-tier dividend of MYR0.035 (US$0.0097) per MYR0.10 share.

The dividend – for year ending December 31, 2014 – is payable on July 23 to shareholders of record as of June 30.

A filing on Friday said the company’s stock would be trade “ex-dividend” as of June 26.

The firm’s stock was valued at MYR4.29 per unit in Monday morning trading on the Malaysian stock Exchange, Bursa Malaysia.

Genting Malaysia on Thursday said it would seek at the next annual general meeting to renew authority from its shareholders to purchase its own shares. The mandate would allow purchases to a value not exceeding 10 percent of prevailing issued and paid-up share capital when aggregated with existing treasury shares stated that filing.

Genting Malaysia operates the Resorts World Genting casino resort (pictured) in Genting Highlands, Malaysia.

The firm runs Resorts World Casino New York City as a wholly owned subsidiary, and has a 70 percent stake in Resorts World Bimini, a holiday resort with casino in the Bahamas. In mid-February, Genting Malaysia said expansion plans for the latter property were in hand.