Dividends

Keep informed with our dividend policy and other key dividend information.

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"
Dividend Policy
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Gross Amount Type Declaration Date Ex Date Entitlement Date Payment Date
4.50 sen per Ordinary Share Interim 22 Feb 2019 18 Apr 2019 22 Apr 2019 17 May 2019
5 sen per Ordinary Share Interim 24 Aug 2018 10 Oct 2018 12 Oct 2018 12 Nov 2018
3.50 sen per Ordinary Share Final 22 Feb 2018 19 Jun 2018 21 Jun 2018 19 Jul 2018
5 sen per Ordinary Share Interim 30 Aug 2017 10 Oct 2017 12 Oct 2017 9 Nov 2017
3 sen per Ordinary Share Final 23 Feb 2017 8 Jun 2017 13 Jun 2017 11 July 2017
5 sen per Ordinary Share of RM1.00 each Interim 25 Aug 2016 6 Oct 2016 10 Oct 2016 7 Nov 2016
12 sen per Ordinary Share of RM1.00 each Final 17 Feb 2016 7 Jun 2016 9 Jun 2016 8 Jul 2016
8 sen per Ordinary Share of RM1.00 each Interim 20 Aug 2015 28 Sept 2015 30 Sept 2015 29 Oct 2015
14 sen per Ordinary Share of RM1.00 each Final 25 Feb 2015 2 Jun 2015 4 Jun 2015 2 Jul 2015
8 sen per Ordinary Share of RM1.00 each Interim 27 Aug 2014 7 Oct 2014 9 Oct 2014 24 Oct 2014
14 sen per Ordinary Share of RM1.00 each Final 20 Feb 2014 2 Jun 2014 4 Jun 2014 19 Jun 2014
8 sen per Ordinary Share of RM1.00 each Interim 30 Aug 2013 27 Sep 2013 01 Oct 2013 10 Oct 2013
12 sen per Ordinary Share of RM1.00 each Special 26 Feb 2013 29 May 2013 31 May 2013 14 Jun 2013
15 sen per Ordinary Share of RM1.00 each Final 26 Feb 2013 29 May 2013 31 May 2013 14 Jun 2013
8 sen per Ordinary Share of RM1.00 each Interim 24 Sep 2012 11 Oct 2012 15 Oct 2012 31 Oct 2012
15 sen per Ordinary Share of RM1.00 each Final 23 Feb 2012 28 May 2012 30 May 2012 14 Jun 2012
4 sen per Ordinary Share of RM1.00 each Interim 23 Aug 2011 20 Oct 2011 24 Oct 2011 21 Nov 2011
10 sen per Ordinary Share of RM1.00 each Final 09 May 2011 06 Jun 2011 08 Jun 2011 22 Jun 2011

eDividend is a service which allows an issuer to electronically pay your cash dividend and other cash distribution directly into your bank account instead of making payment via bank cheques.

As a depositor, you have to provide your bank account information to Bursa Depository.

  1. Faster access to dividends and cash distribution payments which are credited directly into your bank account
  2. Convenience - eliminates the need to go to a bank
  3. One-off provision of bank account details for all listed issuers on Bursa Malaysia
  4. Better account management with the option to consolidate the dividends from all your CDS accounts into one bank account
  5. Misplaced, lost or expired cheques will no longer be an issue

You can start providing your bank account information to your Authorised Depository Agent (ADA) (referred to in this FAQ as your "stock broker") from 19 April 2010 onwards. The sooner you provide your bank account information, the sooner you will be able to benefit from the advantages of eDividend.

Bursa Malaysia Depository Sdn Bhd will waive the administrative fee of RM10.00 that will be imposed on existing CDS accounts holders who register for eDividend on or after 19 April 2012. The fee waiver is for a period of one (1) year, from 19 April 2012 to 18 April 2013.

No. You will not incur any charges for receiving eDividend.

You must complete the relevant prescribed form and submit it together with the required supporting documents at your stock broker's office where your CDS account is maintained.

Note: If you are unable to be present at the stock broker's office, the signing of the relevant prescribed form and the supporting documents must be witnessed by an acceptable witness specified by Bursa Depository. An acceptable witness includes an Authorised Officer of your stock broker, a Dealer's representative, a notary public, or an authorised officer of Malaysian Embassy/High Commission. Once signed accordingly, the document should be submitted to your stock broker.

If you are an individual depositor, when providing your bank account information for eDividend, bring along:-

  1. Original documents for verification.
  2. Two (2) copies of Identification documents i.e. NRIC, Passport, Authority Card or other acceptable identification documents.
  3. Two (2) copies of (a) your bank statement; OR (b) your bank saving book; OR (c) your Bank-in Receipt; OR (d) your Cheque Deposit Receipt; OR (e) your Debit Invoice; OR (f) your Bank Identification Card; OR (g) your Cheque Book; OR (h) details of your bank account obtained from your bank's website that has been certified by your bank/ copy of the letter from your bank confirming your bank account details.

If you are a corporate depositor, you are required to submit the following documents when providing your bank account details:-

  1. Two (2) certified true copy of Certificate of Incorporation/Certificate of Registration.
  2. Two (2) certified true copy of (a) your bank statement; OR (b) your bank saving book; OR (c) your bank-in Receipt; OR (d) your Cheque Deposit Receipt; OR (e) your Debit Invoice; OR (f) your Bank Identification Card; OR (g) your Cheque Book; OR (h) details of your bank account obtained from your bank's website that has been certified by your bank/ copy of the letter from your bank confirming your bank account details. All the acceptable supporting documents must contain the depositor name, bank account number and bank name.

In the case of a bank savings book or bank statement, for the purpose of confidentiality, you are advised to show to your stock broker only the part containing your bank account particulars when providing your bank account information for eDividend.

You are allowed to provide the details of existing active savings or current accounts maintained with a local bank that is under your name or in the case of a joint account, has your name as one of the accountholders.

No, you must provide details of a bank account maintained with a financial institution that are offering Inter-Bank GIRO (IBG) service. A current list of IBG members can be located via the following website http://www.myclear.org.my/faqs/interbank-giro-faqs/. Please refer to question number 2 in the FAQ.

Yes, you are allowed to change your bank account details by submitting the relevant prescribed form together with the relevant supporting documents substantiating your request to your stock broker. There will be no cost charged to you for changing or updating your bank account details.

If you have not provided your bank account information, you will not be able to benefit from receiving your dividends in a timely, effective and efficient manner. You will then be paid your cash dividend entitlements through an existing manner as authorised under the issuer's Articles of Association.

All listed issuers who announce a books closing date for dividend entitlements on or after 1 September 2010 are required to pay dividends via eDividend to their shareholders who have provided their bank account information to Bursa Depository. Listed issuers who announce a books closing date for cash distributions on or after 2 January 2013 are also required to pay their cash distributions via eDividend to their shareholders who have provided their bank account information to Bursa Depository.

Dividends or cash distribution entitlements will be paid by the issuer on the payment date. Generally, your cash entitlement will be credited into your bank account within the same day of payment depending on your bank's processes.

Your bank account details and other related information:

  1. will be used solely for the purpose of enabling dividend and cash distribution payments to be credited directly into your bank account and for other purposes relevant for eDividend, e.g. using your email address to send notifications to you;
  2. will only be provided to those persons as may be necessary or expedient to facilitate the payment of your cash entitlements via eDividend or for any related purpose, e.g. the issuers, share registrars and the appointed paying banks; and
  3. is protected under the Securities Industry (Central Depositories) Act 1991 that strictly prohibits the disclosure of such information to any person unless you expressly authorise the disclosure in writing. All the parties, including those parties referred to in item(ii) above, are compelled to strictly adhere to these provisions. It should be noted that by signing the relevant form to provide your bank account information, you will be authorising the disclosure of your bank account information to these parties.

If the dividend or cash distribution payments cannot be credited into your bank account based on the bank account information you provided (for example due to an incorrect bank account number, a closed bank account or an inactive bank account), you will be contacted by Bursa Depository to validate your bank account details with your stock brokers. Arrangements will be made by the issuer to pay dividends or cash distribution using an existing manner as authorised under the issuer's Articles of Association.

Bursa Depository will send a confirmation by posting a computer generated notice to your correspondence address as specified in your CDS account details. The confirmation will also include your bank account information which you have provided in the relevant prescribed form for providing your bank account information, for verification.

Yes, you will continue to receive your tax voucher so long as it is required under the law.

Yes, you will be notified electronically once the listed issuer has paid the dividend out of its account if you have provided your email address. You are also encouraged to provide your mobile phone number for SMS notification, which will be provided at the discretion of the listed issuers. Nevertheless you will still receive your tax vouchers as long as the law requires it.

No, you are not allowed to discontinue receiving dividends via eDividend once you have provided your bank account information for the purposes of eDividend.

If your CDS account is held in the name of a nominee, the depositor entitled to provide the bank account information for eDividend will be the nominee.

If you want all dividend and cash distribution payments arising from shares held in your CDS accounts to be credited into the same bank account, you can request for consolidation of all of your CDS accounts for dividend payment at the point of providing your bank account information for eDividend.

You can also opt to assign different bank accounts for each of your CDS accounts. In this case, you will need to provide your bank account information separately for each of the CDS accounts at the respective stock brokers where your CDS accounts are maintained.

No, once you have provided your bank account information for eDividend and opted for consolidation, your bank account details under your existing CDS accounts will be automatically assigned to your new CDS account.

However, if you had provided your bank account information for eDividend and had not opted for the consolidation feature, you will need to provide your bank account information every time you open a new CDS account.

Yes, however you will need to decide and assign only one bank account to receive all the dividend payment arising from shares held in all your various CDS accounts. You will be able to perform the consolidation at the stock broker's office where you maintain a CDS account that your bank account has been assigned for the purpose of eDividend.

Yes, you will still be required to provide your bank account information to your stock broker.

Yes, if you are a Malaysian citizen, permanent resident of Malaysia or a Malaysian incorporated or registered entity. When you open a new CDS account, in addition to the CDS account opening form, you are also required to provide your bank account information by completing the eDividend form at the same time. This means that you will be able to receive eDividend from 1 September 2010 onwards on any new CDS account.

On 25 August 2016, the Board of Directors of Axiata announced an interim single tier dividend of 5 sen per Axiata Share held for the financial year ending 31 December 2016 ("Interim Dividend") and determined that the DRS will be applicable to the Interim Dividend.

Key dates on the DRS for the Interim Dividend ("DRS-Interim Dividend") are as follows:-

Announcement on Price Fixing Date and Notice of Dividend Entitlement/Book Closure Date - Thursday, 22 September 2016 ("Price Fixing Date") The new Axiata Shares under the DRS-Interim Dividend will be issued at the issue price of RM4.85 per Axiata Share ("Issue Price") as determined on the Price Fixing Date. The Issue Price represents a discount of approximately 8.0% to the theoretical ex-dividend price of approximately RM5.27 per Axiata Share, which was arrived at after taking into consideration the 5-day VWAMP up to and including 21 September 2016, being the last trading day prior to the Price Fixing Date of approximately RM5.32 per Axiata Share and the Interim Dividend.

The DRF/NOE, duly completed and signed, must be received by the Share Registrar, by post or by hand, not later than 5.00 p.m. on Wednesday, 26 October 2016. Any DRF/NOE received by the Share Registrar after the date and time stipulated above shall be regarded as null and void and of no legal effect unless Axiata Board in its sole discretion determines otherwise and such shareholder who is entitled to the electable portion based on entitlements on the Book Closure Date, as the case may be, shall be deemed to have elected to receive the Electable Portion in cash. Once the DRF/NOE and remittance have been lodged with the Share Registrar, participation shall be irrevocable and could not be withdrawn.

For avoidance of doubt, stamp duty cost in relation to the DRS shall be borne by the participating shareholders.

Barring any unforeseen circumstances, the new Axiata Shares to be issued pursuant to the DRS-Interim Dividend will be listed on the Main Market of Bursa Malaysia on Tuesday, 8 November 2016. Bursa Securities Malaysia Berhad had on 14 September 2016 approved the listing of and quotation for the new Axiata Shares to be issued pursuant to the DRS-Interim Dividend.

For any enquiries in relation to the DRS-Interim Dividend, completing and submission of the DRF/NOE, please contact our Share Registrar:-

Tricor Investor Services Sdn Bhd
Unit 32-01, Level 32, Tower A
Vertical Business Suit, Avenue 3
Bangsar South, No.8 Jalan Kerinchi
59200 Kuala Lumpur, Malaysia

Telephone no : 603 - 2783 9299
Fax no : 603 - 2783 9222
Email : is.enquiry@my.tricorglobal.com