OTHERS JobStreet Corporation Berhad ("JCB" or "the Company") - Revised Dividend Policy for the financial year ending 31 December 2013
|JOBSTREET CORPORATION BERHAD|
|Description||JobStreet Corporation Berhad ("JCB" or "the Company")|
- Revised Dividend Policy for the financial year ending 31 December 2013
Reference is made to the announcement dated 18 May 2010 on the Dividend Policy of the Company.
The Board of Directors of the Company is pleased to announce that JCB's dividend policy is revised so as to ensure sustainable yields to shareholders consistent with the Company's earning growth while maintaining an efficient capital structure and ensuring sufficiency of funds for future growth. The revised dividend policy seeks to distribute up to 75% annually of the Company's net profit after taxation and minority interest on a quarterly basis commencing from the financial year ending 31 December 2013, subject to availability of distributable reserves.
Dividends will be paid only if approved by the Board of Directors of the Company or shareholders, as the case may be, out of funds available for such distribution. The actual amount and timing of dividend payments will depend upon JCB's cash flow position, results of operations, business prospects, current and expected obligations, and such other matters as the Board of Directors may deem relevant.
The announcement is dated 23 May 2013.
|Company Name||JOBSTREET CORPORATION BERHAD|
|Date Announced||23 May 2013|