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Velesto Energy Berhad, an investment holding company, provides services for the upstream sector of the oil and gas industry in Malaysia and internationally. It offers drilling services for exploration, development, and production wells; workover services to the upstream sector of the oil and gas industry; and threading, inspection, and repair services for oil country tubular goods. The company also owns and operates drilling rigs, which are chartered out to oil majors for their exploration, development, and production activities; and hydraulic workover units for the removal and replacement of well equipment to restore the operation of suspended or under-performing wells. In addition, it provides treasury management services; and engineering services for oil and gas exploration, development, and production, as well as leases rigs. The company was formerly known as UMW Oil & Gas Corporation Berhad and changed its name to Velesto Energy Berhad in May 2018. Velesto Energy Berhad was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.

Velesto Energy Berhad Dividend Announcement

• Velesto Energy Berhad announced a semi annually dividend of RM0.00 per ordinary share which will be made payable on 2024-11-28. Ex dividend date: 2024-10-29
• Velesto Energy Berhad annual dividend for 2024 was RM0.01
• Velesto Energy Berhad's trailing twelve-month (TTM) dividend yield is 2.7%
• Velesto Energy Berhad's payout ratio for the trailing twelve months (TTM) is 11.57%

Velesto Energy Berhad Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-29RM0.00semi annually2024-11-28
2024-04-24RM0.00semi annually2024-05-24
2014-12-26RM0.01semi annually

Velesto Energy Berhad Dividend per year

Velesto Energy Berhad Dividend Yield

Velesto Energy Berhad current trailing twelve-month (TTM) dividend yield is 2.7%. Interested in purchasing Velesto Energy Berhad stock? Use our calculator to estimate your expected dividend yield:

Velesto Energy Berhad Financial Ratios

P/E ratio8.33
PEG ratio0.09
P/B ratio0.56
ROE7.08%
Payout ratio11.57%
Current ratio2.02
Quick ratio1.70
Cash Ratio0.50

Velesto Energy Berhad Dividend FAQ

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