Friday 02 Jun 2023
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KUALA LUMPUR (March 25): When scouting for dividend-yielding stocks on Bursa Malaysia, some quarters say the rule of thumb is to not only look at companies that have strong cash flows and earnings, but also those in which government-linked investment companies (GLICs) are substantial shareholders.

This is simply because their major shareholders count on them to declare dividends, although these may be cut when earnings contract.

Of the top 50 public-listed companies in terms of contribution of dividends to GLICs, 33 declared higher dividends last year, while 12 sent out smaller dividend cheques. Five managed to maintain the amount paid in 2021.

In The Edge Malaysia’s cover story this week, find out which GLIC pocketed the most dividends and which firm paid the highest dividends last year.

Read all about it in the March 27, 2023 issue of The Edge Malaysia weekly.

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