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Today i was reading the CH Offshore quarter result. Absolutely i wasn't impressed by the poor result.
Anyway when i scroll to the end of the report. I see the dividend
Name of Dividend: Special tax-exempt One-tier
Dividend Type: Cash
Dividend Rate (SGD cents per share): 9.00
I not sure i interpret it correctly or not. Are they giving away 9 cents of dividend per share?
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06-05-2015, 08:27 PM
(This post was last modified: 06-05-2015, 08:29 PM by Yoyo.)
I would interpret the same as you.
If indeed dividend at S$0.09, the company has the financial ability to pay. Very likely as Falcon would try to squeeze its cash resources after the acquisition.
No of share 705,090,514
Dividend S$ 0.09
Dividend Amt in S$ 63,458,146
Exch rate 1.33
Dividend Amt in USD 47,712,892
CCE - Company 31.3.2015 USD 73,290,000
Alternatively, it could be a typo error, meant to be S$0.009 dividend instead, then it will be very embarrassing - least probable. IMO.