Maxis Dividend Received | Ramblings of an e-trader

Tuesday, 19 January 2010

Maxis Dividend Received

Last week, a friend told me that his Maxis dividend cheque has arrived. He lives in Kuala Lumpur so it's only logical that he would get his earlier since I live in Ipoh. Well, I didn't have to wait too long, luckily. Mine arrived on Monday, 18th Jan, 2009.

As I have calculated based on a news article, Maxis declared 6 sen dividend per share which means that for most of us who was successful in the balloting for Maxis customers who qualified for only 1000 shares, we will be getting RM60 dividend. It's not a lot but Maxis said that dividend payout will increase in 2011.

Another friend of mine in Melaka has received his Maxis dividend cheque for RM300. He isn't a Maxis customer but bought 5000 shares on the opening day at RM5.40 per share. Although he suffers from paper loss right now, at least he gets to enjoy his RM300 cash.

I have to be frank that I am quite disappointed with the 6 sen dividend but then I am hoping that Maxis will be more generous this year.

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