PENANG, Wednesday, 13.11.2019 – PBA Holdings Bhd (PBAHB) has received an award for rewarding its shareholders well over 3 years. The Edge Media Group gave PBAHB The Edge-Centurion Club Corporate Award 2019 for the “highest return to shareholders over 3 years” in the telecommunications, media & utilities sector. In the period 2016 to 2018, PBAHB’s dividend payments were as follows:
|Financial Year||Single-tier dividend||% per share|
|2018||3.5 sen per share||7.0|
|2017||4.0 sen per share||8.0|
|2016||4.0 sen per share||8.0|
The Edge-Centurion Club Corporate Awards were conceived to recognise Malaysia’s small and medium enterprises and their CEOs. One of the key criteria for “club membership” is market capitalisation of between RM100 million and RM1 billion.
PBAHB and Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) CEO Dato’ Ir. Jaseni Maidinsa said PBAHB had duly declared and paid out dividends to shareholders since 2002.
“In fact, 2018 is the 17th consecutive year in which we have paid dividends. We have made it a point to consistently reward our shareholders,” he said. YB Tuan Lim Guan Eng, the Malaysian Minister of Finance, handed over the award to Dato’ Ir. Jaseni at the W Hotel in Kuala Lumpur last night.
“It was a privilege to receive this award from YB Tuan Lim, who was our Chairman, as well as the Chief Minister of Penang, in the period 2008 to 2018. Today, our Chairman is YAB Tuan Chow Kon Yeow, who has also succeeded YB Tuan Lim as the Chief Minister of Penang.
“Credit is due to both YB Tuan Lim and YAB Tuan Chow for upholding the PBAHB tradition of rewarding our shareholders through the years,” Dato’ Ir. Jaseni said. “We consider this to be the Penang way of doing things properly.” Dato’ Ir. Jaseni also thanked The Edge for giving the award to PBAHB.
“To be honest, this award came as a pleasant surprise. We had no idea that we were leading the way in terms of rewarding shareholders. However, I believe it will serve as a potent reminder for us to continue rewarding our shareholders in the years to come,” he added.