{"id":211936,"date":"2023-06-06T13:16:15","date_gmt":"2023-06-06T13:16:15","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=110416"},"modified":"2023-06-06T13:16:15","modified_gmt":"2023-06-06T13:16:15","slug":"vci-global-declares-interim-dividend-and-firms-up-dividend-policy","status":"publish","type":"post","link":"https:\/\/taiwannewswire.com\/vci-global-declares-interim-dividend-and-firms-up-dividend-policy\/","title":{"rendered":"VCI Global Declares Interim Dividend And Firms Up Dividend Policy"},"content":{"rendered":"
KUALA LUMPUR, Malaysia, June 06, 2023 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d, or the \u201cCompany\u201d) has declared a first single tier interim dividend of USD0.01 per ordinary\u00a0share. The payout is the Company\u2019s way of rewarding its shareholders for their support over the years.<\/p>\n
The dividend will be paid out on Monday, 31 July 2023 to the shareholders whose names are on the record at the close of business on Monday, 3 July 2023. The ex-date is Friday, 30 June 2023.<\/p>\n
VCI Global also announced a change in its dividend policy where dividend will be paid on a regular basis at the end of each financial year. This is notwithstanding interim dividends which may be declared intermittently. The Company\u2019s Board of Directors shall hold sole discretion on the quantum to be paid to the shareholders. As for the half yearly financial results, it will be announced early\u00a0August each year.<\/p>\n
\u201cHigh growth companies, like VCI (Global), have generally not been known to be dividend paymasters. This payout is to show investors our solid financial health and to meet the needs of balancing between rewarding shareholders and ensuring the company\u2019s growth. In the quest for growth, the support of the shareholders must not be taken for granted. The shareholders might well understand the need to preserve funds for expansions, their sacrifices nonetheless need to be remunerated,\u201d said Dato\u2019 Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.<\/p>\n
About VCI Global Limited <\/strong><\/p>\n VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The Company provides business and boardroom strategy services, investor relation services, and technology consultancy services.\u00a0Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US.<\/p>\n