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Magni-Tech Industries Berhad, an investment holding company, engages in the manufacturing and sale of garments and packaging materials in Malaysia and Vietnam. It also manufactures and distributes corrugated cartons and flexible plastic packaging products. The company serves food, beverage, healthcare, rubber based, consumer household, and electronic sub-sectors. Magni-Tech Industries Berhad was incorporated in 1997 and is based in Penang, Malaysia.

Magni-Tech Industries Berhad Dividend Announcement

Magni-Tech Industries Berhad announced a quarterly dividend of RM0.05 per ordinary share which will be made payable on . Ex dividend date: 2024-09-18
Magni-Tech Industries Berhad annual dividend for 2024 was RM0.12
Magni-Tech Industries Berhad annual dividend for 2023 was RM0.10
Magni-Tech Industries Berhad's trailing twelve-month (TTM) dividend yield is 5.74%
Magni-Tech Industries Berhad's payout ratio for the trailing twelve months (TTM) is 36.45%
Magni-Tech Industries Berhad's dividend growth over the last five years (2018-2023) was 22.10% year
Magni-Tech Industries Berhad's dividend growth over the last ten years (2013-2023) was 6.67% year

Magni-Tech Industries Berhad Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-18RM0.05quarterly
2024-07-10RM0.03quarterly
2024-04-02RM0.04quarterly
2023-12-19RM0.02quarterly
2023-09-25RM0.03quarterly
2023-07-10RM0.03quarterly
2023-03-24RM0.02quarterly
2022-12-27RM0.02quarterly
2022-09-27RM0.02quarterly
2022-07-07RM0.03quarterly
2022-04-04RM0.02quarterly
2022-01-07RM0.02quarterly
2021-07-09RM0.03quarterly
2021-03-22RM0.01quarterly
2020-12-17RM0.02quarterly
2020-09-24RM0.02quarterly
2020-07-07RM0.01quarterly
2020-03-24RM0.03quarterly
2019-12-24RM0.03quarterly
2019-10-09RM0.06quarterly
2019-03-29RM0.03quarterly
2018-12-26RM0.01quarterly
2018-10-10RM0.01quarterly
2018-03-28RM0.01quarterly
2017-12-27RM0.02quarterly
2017-10-11RM0.01quarterly
2017-03-29RM0.01quarterly
2016-12-27RM0.01quarterly
2016-10-11RM0.01quarterly
2016-04-05RM0.01quarterly
2016-01-07RM0.01quarterly
2015-11-05RM0.03quarterly
2015-03-30RM0.02quarterly
2014-10-21RM0.02quarterly
2014-04-09RM0.02quarterly
2013-11-04RM0.02quarterly
2013-03-26RM0.02quarterly

Magni-Tech Industries Berhad Dividend per year

Magni-Tech Industries Berhad Dividend growth

Magni-Tech Industries Berhad Dividend Yield

Magni-Tech Industries Berhad current trailing twelve-month (TTM) dividend yield is 5.74%. Interested in purchasing Magni-Tech Industries Berhad stock? Use our calculator to estimate your expected dividend yield:

Magni-Tech Industries Berhad Financial Ratios

P/E ratio7.54
PEG ratio-0.28
P/B ratio1.14
ROE15.87%
Payout ratio36.45%
Current ratio5.60
Quick ratio3.98
Cash Ratio3.48

Magni-Tech Industries Berhad Dividend FAQ

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