IslamicFinance.de

Syarikat Takaful Malaysia has announced a final single-tiered dividend of 40%, which its shareholders approved at its AGM on Tuesday. Takaful Malaysia posted record-breaking results for 2013 as profit after tax and zakat grew by 34% to RM134.4mil from RM100.1mil in the previous financial year, with return on equity at 25.9%. With the proposed final dividends, the total single tier dividends for 2013, including the two interims dividends paid during the year, will be 82%, and this translates into a dividend yield of 6.6% based on the company’s share closing price of RM12.40 as at April 21, 2014. Group managing director, Datuk Mohamed Hassan Kamil said the company’s ultimate goal was to outpace the market and to strengthen its image through various advertising channels and marketing activities.