Favelle Favco Berhad, an investment holding company, engages in the design, manufacture, supply, service, trading, and leasing of cranes under the Favelle Favco and Kroll brands in Malaysia and internationally. It operates through Cranes and Intelligent Automation Group segments. The company offers offshore oil and gas pedestal, tower, shipyard, and other heavy lifting equipment cranes. It also provides design, engineering, and maintenance services for integrated automation solutions, process analyzers, and specialized equipment for various industries. In addition, the company designs, fabricates, trades in, services, and rents winches, hydraulic systems, and material handling equipment; supplies spare parts for cranes; and offers crane maintenance and management services. Further, it provides integrated industrial automation solutions on the design, engineering, and testing and project management of plant instrumentation, as well as its related maintenance services; and engineering services on the installation, commissioning, and maintenance of environmental and process analyzers. Additionally, the company engineers and trades in specialized equipment used in the oil and gas industry. The company was founded in 1923 and is headquartered in Klang, Malaysia. Favelle Favco Berhad is a subsidiary of Muhibbah Engineering (M) Berhad.
Favelle Favco Berhad Dividend Announcement
• Favelle Favco Berhad announced a annually dividend of RM0.09 per ordinary share which will be made payable on 2024-08-22. Ex dividend date: 2024-08-07
• Favelle Favco Berhad annual dividend for 2024 was RM0.09
• Favelle Favco Berhad annual dividend for 2023 was RM0.04
• Favelle Favco Berhad's trailing twelve-month (TTM) dividend yield is 5.26%
• Favelle Favco Berhad's payout ratio for the trailing twelve months (TTM) is 27.38%
• Favelle Favco Berhad's dividend growth over the last five years (2018-2023) was -21.59% year
• Favelle Favco Berhad's dividend growth over the last ten years (2013-2023) was -6.70% year
Favelle Favco Berhad Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-07 | RM0.09 | annually | 2024-08-22 |
2023-08-15 | RM0.04 | annually | 2023-09-06 |
2022-09-05 | RM0.08 | annually | 2022-09-21 |
2022-05-25 | RM0.85 | annually | 2022-06-10 |
2021-08-16 | RM0.08 | annually | 2021-09-02 |
2020-11-12 | RM0.15 | annually | 2020-11-24 |
2019-07-16 | RM0.14 | annually | 2019-07-29 |
2018-09-07 | RM0.14 | annually | 2018-09-24 |
2017-09-05 | RM0.15 | annually | 2017-09-20 |
2016-07-28 | RM0.15 | annually | |
2015-09-01 | RM0.12 | annually | |
2014-08-13 | RM0.10 | annually | |
2013-08-16 | RM0.08 | annually |
Favelle Favco Berhad Dividend per year
Favelle Favco Berhad Dividend growth
Favelle Favco Berhad Dividend Yield
Favelle Favco Berhad current trailing twelve-month (TTM) dividend yield is 5.26%. Interested in purchasing Favelle Favco Berhad stock? Use our calculator to estimate your expected dividend yield:
Favelle Favco Berhad Financial Ratios
Favelle Favco Berhad Dividend FAQ
Other factors to consider when evaluating Favelle Favco Berhad as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Favelle Favco Berhad's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Favelle Favco Berhad publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Favelle Favco Berhad distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Favelle Favco Berhad are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Favelle Favco Berhad sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Favelle Favco Berhad distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Favelle Favco Berhad declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Favelle Favco Berhad's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Favelle Favco Berhad's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.