Table of Contents

company-logo

Able Global Berhad, an investment holding company, manufactures and sells tin cans and dairy products in Malaysia. It operates through Tin Cans Manufacturing; and Food and Beverage (F&B) segments. The Tin Cans Manufacturing segment is involved in the manufacture of various tins, cans, and other containers; and the provision of tinplates printing services. This segment serves customers of various industries, including biscuit, paint and chemical, edible oil, and food processing industries. The F&B segment manufactures and sells milk and other related dairy products comprising of sweetened condensed milk and evaporated milk as well as milk powder; and packs and trades in various dairy products. It also engages in property development activities; and wholesale of dairy products. The company also exports its products primarily to West Africa, South-East Asia Region, Europe, and American Continent. The company was formerly known as Johore Tin Berhad and changed its name to Able Global Berhad in July 2021. The company was founded in 1973 and is based in Skudai, Malaysia.

Able Global Berhad Dividend Announcement

• Able Global Berhad announced a quarterly dividend of RM0.02 per ordinary share which will be made payable on . Ex dividend date: 2024-09-17
• Able Global Berhad annual dividend for 2024 was RM0.06
• Able Global Berhad annual dividend for 2023 was RM0.06
• Able Global Berhad's trailing twelve-month (TTM) dividend yield is 4.02%
• Able Global Berhad's payout ratio for the trailing twelve months (TTM) is 35.72%
• Able Global Berhad's dividend growth over the last five years (2018-2023) was 6.58% year
• Able Global Berhad's dividend growth over the last ten years (2013-2023) was 0.18% year

Able Global Berhad Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-17RM0.02quarterly
2024-06-14RM0.02quarterly
2024-03-13RM0.02quarterly
2023-12-13RM0.02quarterly
2023-09-14RM0.01quarterly
2023-06-19RM0.01quarterly
2023-03-29RM0.01quarterly
2022-12-13RM0.01quarterly
2022-09-13RM0.01quarterly
2022-06-17RM0.01quarterly
2022-03-17RM0.01quarterly
2021-12-16RM0.01quarterly
2021-09-13RM0.01quarterly
2021-06-21RM0.01quarterly
2021-04-08RM0.01quarterly
2020-12-10RM0.02quarterly
2020-09-11RM0.02quarterly
2020-07-03RM0.01quarterly
2020-03-12RM0.01quarterly
2019-12-16RM0.02quarterly
2019-09-24RM0.01quarterly
2019-06-20RM0.01quarterly
2019-03-13RM0.02quarterly
2018-12-13RM0.01quarterly
2018-09-14RM0.01quarterly
2018-06-11RM0.01quarterly
2018-03-14RM0.01quarterly
2017-12-21RM0.01quarterly
2017-10-02RM0.01quarterly
2017-06-13RM0.01quarterly
2016-06-29RM0.03quarterly
2015-07-01RM0.03quarterly
2014-06-30RM0.01quarterly
2013-12-10RM0.02quarterly
2013-07-03RM0.03quarterly

Able Global Berhad Dividend per year

Able Global Berhad Dividend growth

Able Global Berhad Dividend Yield

Able Global Berhad current trailing twelve-month (TTM) dividend yield is 4.02%. Interested in purchasing Able Global Berhad stock? Use our calculator to estimate your expected dividend yield:

Able Global Berhad Financial Ratios

P/E ratio8.89
PEG ratio0.09
P/B ratio1.31
ROE15.12%
Payout ratio35.72%
Current ratio3.31
Quick ratio1.53
Cash Ratio0.80

Able Global Berhad Dividend FAQ

Does Able Global Berhad stock pay dividends?
Able Global Berhad does not currently pay dividends to its shareholders.
Has Able Global Berhad ever paid a dividend?
No, Able Global Berhad has no a history of paying dividends to its shareholders. Able Global Berhad is not known for its dividend payments.
Why doesn't Able Global Berhad pay dividends?
There are several potential reasons why Able Global Berhad would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Able Global Berhad ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Able Global Berhad has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Able Global Berhad a dividend aristocrat?
Able Global Berhad is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Able Global Berhad a dividend king?
Able Global Berhad is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Able Global Berhad a dividend stock?
No, Able Global Berhad is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Able Global Berhad stocks?
To buy Able Global Berhad you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Able Global Berhad stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.