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yes, 21 sen is a lot, it's not typical dividend but cash distribution back to shareholder in the form of dividend.
I foresee they will split it to 2 times distribution, perhaps 6sen + 15sen just like the previous round of cash distribution, all within this one year time.
With this, I foresee in the next one year the stock value will continue to go up. I will keep holding at least until the end of the 21 sen dividend distribution. Then after that see how's the development.
With this news of Paramount entering the game, more aggressive development can be foreseen, I see it as a more positive sentiment compared to before this.
21 sen dividend is still gonna be distributed within 2024-2025, but new property development will still be continued.
Dividend of 20 to 21 sen to be distributed within 2024-2025.
This is based on:
Proposed Reduction of the Issued Share Capital of the Company of RM500 million pursuant to Section 117 of the Act ("Proposed Capital Reduction")
Ewint total no of share: 2400mil
Reduction of RM500mil in share capital, means reduction of RM500/2400 = RM0.208 per share.
for this round 143/2400= 6 sen dividend should be declared after AGM next Monday.
