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Bank Islam Malaysia Berhad provides Islamic banking products and services in Malaysia. It operates through four segments: Consumer Banking, Corporate and Commercial Banking, Treasury, and Shareholders Unit. The company offers term deposits; savings, current, and investment accounts; personal, home, and vehicle financing products; debit and credit cards; and wealth management products. It also provides letters of credit, trade working capital financing, accepted bills, shipping and bank guarantee, and foreign currency exchange services; term and syndicated financing services; vendor, business premises, procurement and contract, bank guarantee, letter of credit, and bridging financing programs. In addition, the company offers cash management services; business finance products; treasury services, such as money and capital market, and foreign remittance services; and trade operation, and SME and agent banking services. Further, it provides internet banking, automated teller and cash deposit machine, and bill payment services. The company was founded in 1983 and is based in Kuala Lumpur, Malaysia.

Bank Islam Malaysia Berhad Dividend Announcement

• Bank Islam Malaysia Berhad announced a semi annually dividend of RM0.04 per ordinary share which will be made payable on . Ex dividend date: 2024-03-15
• Bank Islam Malaysia Berhad annual dividend for 2024 was RM0.04
• Bank Islam Malaysia Berhad annual dividend for 2023 was RM0.16
• Bank Islam Malaysia Berhad's trailing twelve-month (TTM) dividend yield is 6.23%
• Bank Islam Malaysia Berhad's payout ratio for the trailing twelve months (TTM) is 60.04%
• Bank Islam Malaysia Berhad's dividend growth over the last five years (2018-2023) was 0.62% year
• Bank Islam Malaysia Berhad's dividend growth over the last ten years (2013-2023) was 6.96% year

Bank Islam Malaysia Berhad Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-03-15RM0.04semi annually
2023-12-18RM0.13semi annually
2023-04-14RM0.03semi annually
2022-12-29RM0.10semi annually
2021-12-23RM0.11semi annually
2020-12-21RM0.13semi annually
2019-12-23RM0.16semi annually
2018-12-27RM0.15semi annually
2017-12-27RM0.14semi annually
2016-12-28RM0.13semi annually
2015-12-18RM0.12semi annually
2014-12-12RM0.15semi annually
2014-05-05RM0.09semi annually
2013-09-23RM0.03semi annually
2013-05-22RM0.05semi annually

Bank Islam Malaysia Berhad Dividend per year

Bank Islam Malaysia Berhad Dividend growth

Bank Islam Malaysia Berhad Dividend Yield

Bank Islam Malaysia Berhad current trailing twelve-month (TTM) dividend yield is 6.23%. Interested in purchasing Bank Islam Malaysia Berhad stock? Use our calculator to estimate your expected dividend yield:

Bank Islam Malaysia Berhad Financial Ratios

P/E ratio10.83
PEG ratio0.22
P/B ratio0.81
ROE7.56%
Payout ratio60.04%
Current ratio-93.56
Quick ratio-72.09
Cash Ratio-72.09

Bank Islam Malaysia Berhad Dividend FAQ

Does Bank Islam Malaysia Berhad stock pay dividends?
Bank Islam Malaysia Berhad does not currently pay dividends to its shareholders.
Has Bank Islam Malaysia Berhad ever paid a dividend?
No, Bank Islam Malaysia Berhad has no a history of paying dividends to its shareholders. Bank Islam Malaysia Berhad is not known for its dividend payments.
Why doesn't Bank Islam Malaysia Berhad pay dividends?
There are several potential reasons why Bank Islam Malaysia 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 Bank Islam Malaysia 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 Bank Islam Malaysia 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 Bank Islam Malaysia Berhad a dividend aristocrat?
Bank Islam Malaysia 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 Bank Islam Malaysia Berhad a dividend king?
Bank Islam Malaysia 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 Bank Islam Malaysia Berhad a dividend stock?
No, Bank Islam Malaysia 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 Bank Islam Malaysia Berhad stocks?
To buy Bank Islam Malaysia 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 Bank Islam Malaysia 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.