ASN Declares 6.70 Sen Dividend For AS1M

KUALA LUMPUR, Sept 18 (Bernama) -- Amanah Saham Nasional Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), on Wednesday announced 6.70 sen dividend for a unit of Amanah Saham 1Malaysia (AS1M) for the financial year ending Sept 30, 2013.

The income distribution, its fourth, is 0.10 sen per unit higher than the 6.60 sen per unit announced last year.

PNB Chairman Tun Ahmad Sarji Abdul Hamid said the dividend will involve RM593.06 million in total payout, up 30.9 per cent over last year's RM453.03 million.

"The payout is expected to benefit 365,355 unitholders who have subscribed a total of 9.28 billion AS1M units," he said when declaring the dividend.

As of Sept 16, AS1M has posted a gross income of RM723.93 million, Ahmad Sarji said.

-- BERNAMA