PRUDENT AND DISCIPLINED DIVIDEND PAYOUT
Axiata declared a 9.5 sen per share single tier dividend (including interim dividend of 5 sen per share paid last year) in respect of the financial year ended 31 December 2018, implying a Dividend Payout Ratio (DPR) of 85%. 2018 Dividend Per Share (DPS) of 9.5 sen is modest but higher than 2016 of 8.0 sen and 2017 of 8.5 sen.
The Board remains committed to our:
- Dividend policy: The Company intends to pay dividends of at least 30% of its consolidated normalised PATAMI and endeavours to progressively increase the payout ratio over a period of time, subject to a number of factors including business prospects, capital requirements and surplus, growth/expansion strategy, considerations for non-recurring items and other factors considered relevant by the Board
- Investor proposition: Our value proposition to investors of “moderate growth and moderate dividend”