Top Glove Gives Special Dividend Of 20%

As predicted. Top Glove Corporation Bhd, which has recorded supernormal profits due to demand surge caused by the Covid-19 pandemic, announced on Monday it has committed to a special dividend of 20%.

In their press statement on Monday, the world’s largest glove maker said the special dividend was in addition to its existing dividend policy of a 50% dividend payout ratio on its profit after tax and minority interests for the second, third and fourth quarters of financial year 2021.

At 3.47pm, it was trading at RM5.65, down 47 sen with nearly 320 million shares done.

It hit an early low of RM5.23.

The FBM KLCI was down 18.90 points or 1.16% to 1,608.32. Turnover was 6.04 billion shares valued at RM4.85bil.