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Mynews Holdings Berhad, an investment holding company, engages in the retail and convenience store businesses on Malaysia. It is also involved in research, development, and commercialization of DKE publications and magazine distribution software, as well as provision of implementation, maintenance, and technical services relating to its software. In addition, the company offers management services; produces, manufactures, and sells prepared and ready-to-eat meals; and bakery products. It operates outlets under the myNEWS brand. The company was formerly known as Bison Consolidated Berhad and changed its name to Mynews Holdings Berhad in December 2017. The company was founded in 1996 and is headquartered in Petaling Jaya, Malaysia. Mynews Holdings Berhad is a subsidiary of D&D Consolidated Sdn. Bhd.

Mynews Dividend Announcement

• Mynews announced a annually dividend of RM0.01 per ordinary share which will be made payable on . Ex dividend date: 2024-10-15
• Mynews annual dividend for 2024 was RM0.01
• Mynews annual dividend for 2023 was RM0.01
• Mynews's trailing twelve-month (TTM) dividend yield is 0.71%
• Mynews's payout ratio for the trailing twelve months (TTM) is 57.13%

Mynews Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-15RM0.01annually
2023-10-17RM0.01annually
2019-08-01RM0.01annually
2018-07-25RM0.01annually
2017-07-26RM0.02annually
2016-07-15RM0.01annually

Mynews Dividend per year

Mynews Dividend growth

Mynews Dividend Yield

Mynews current trailing twelve-month (TTM) dividend yield is 0.71%. Interested in purchasing Mynews stock? Use our calculator to estimate your expected dividend yield:

Mynews Financial Ratios

P/E ratio79.98
PEG ratio19.53
P/B ratio2.15
ROE2.72%
Payout ratio57.13%
Current ratio0.85
Quick ratio0.43
Cash Ratio0.13

Mynews Dividend FAQ

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