Since 2000, HEXZA has been paying First and Final Dividend in the end of every financial years up to 2015. This year, as shown in Bursa's website, it is FINAL DIVIDEND! Is it a mistake or a hint on the change of dividend policy? If it's not a mistake, would this suggests that the company is going to pay dividends twice a year or more onwards?
Similar hints for other companies can be found from Bursa's website. For example, POHUAT, which later proved to be true.
As HEXZA's profits are expected to increase for the coming years, I think it's very likely that the BOD will be considering something to reward the shareholders, like special dividend and/or bonus. Why not? If so, all shareholders will be happy and even more appreciate as shareholders of HEXZA. All are winners: the substantial shareholders, the loyal shareholders, the minority shareholders. The only loser: the one who's thinking to buy shares of HEXZA, but for whatever reasons, didn't!
Lastly, believe it or not, a hint on the change of dividend policy?
Just for sharing.
By Bugle
A Note on the Difference between Interim Dividend and Final Dividend
Companies at the end of a reporting period may choose to declare dividends to its shareholders as part of the distribution of profits that it makes. Dividend is proposed by the board of directors of the company and approved by its shareholders at the AGM.
Dividends can however be paid once or twice a year depending on the policy of the company. When a company decides to pay dividends twice a year it pays an interim dividend at some time before the end of its financial year and then a final dividend at the end of the financial year.
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