KUALA LUMPUR (May 3): Ranhill Utilities Bhd has declared a share dividend distribution on a basis of 0.5 share for every 100 shares held in the utility group.

The dividends ex-date is on May 20, with payout on June 13, it said in a filing.

Ranhill’s shares traded up three sen or 2.65% to RM1.16 as of 2.30pm, with 3.15 million shares changing hands, compared with its six-day average of 4.31 million shares.

Ranhill last paid dividends of 1.5 sen in FY2023, representing a trailing dividend yield of 1.29%.

At RM1.16, the group is valued at RM1.47 billion. The counter is up nearly 30% this year.