Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - PPWSA pays dividends

PPWSA pays dividends

8 ppwsa
A woman rides a motorbike past a water treatment plant operated by the Phnom Penh Water Supply Authority in the city’s Chroy Changvar district. Photograph: Hong Menea/Phnom Penh Post

Phnom Penh Water Supply Authority (PPWSA) will allocate its first dividend to shareholders since listing on the bourse, on April 10.

According to an announcement by PPWSA, the annual dividend will be distributed in cash.

The dividend payout ratio is seven per cent, with a total dividend of 2.4 billion riel, and the dividend per share is  27.7 riel.

“Only shareholders who are on the shareholder list as of the record date [April 10, 2013] will be entitled to the dividend,” the statement said.

“Shareholders selling shares on April 9 will still be entitled to the dividend, but shareholders buying shares on April 9 will not be entitled to the dividend.

“Dividend payments will begin from April 24 to May 3 on every working day.

“If any dividend payments are inaccurate, shareholders can raise a complaint on every working day from May 6 to May 17.”

PPWSA director-general Sim Sitha said dividend distribution would ensure investors and shareholders were rewarded for their investment in PPWSA’s securities.  

“I think it is good news for our shareholders that we can earn a profit and allocate them the dividend,” he said.

“Second, we are happy to give them the dividend in cash, which was approved by our board of directors.

“We have a mechanism to allocate the dividend to our shareholders. This dividend allocation is based not only on our revenue. I cannot tell you in detail, because it is complicated.

“Before we decided to pay the dividend, we held a meeting with our board of directors, and independent board of director represented shareholders to discuss how much we would offer and how much we would re-invest.”

Svay Hay, the president and managing director of Acleda Securities, applauded the div-idend allocation.

“It is a positive sign, emphasising the company’s operat-ion is good, and it will benefit shareholders and allow them to invest more in the market.  This will also attract new investors,” Hay said.

Lim An, the head of Acleda Securities’ paying-agent unit, said he would not finalise the shareholder list until the rec-ord date.

0

Comments

Please, login or register to post a comment

Latest Video

Phnom Penh eats: Homegrown veggies at Bayon Beoung Snor

​Nestled along National Road 1, Bayon Beoung Snor is a farm-cum-restaurant. The team grows their own vegetables, which they then use to whip up traditional Khmer food.

Bill Clough reflects on The Phnom Penh Post's 25 year history

The Post's publisher Bill Clough, under whose leadership the publication went from a fortnightly to a daily one, discusses his investment in Cambodia, his vision for the paper in an increasingly digital age,

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking

Comfrel Executive Director Koul Panha speaks to the press at a meeting yesterday in Phnom Penh.

As the National Election Committee launched into the recount proc