LAFARGE Malayan Cement Bhd (LMC), the country’s largest cement producer, may pay up to RM700 million in special dividends within the next 12 months, analysts say.
“We have not factored any special cash distribution in our model, but do not completely rule out the exercise over the next 12 months,” Nik-hadi Nik-mahmood, an equity analyst at Deutsche Bank, wrote in a report this week.
Such a move would be a boon to shareholders as LMC returned some RM125 million through dividend payments in its last financial year, including a 20-sen regular cash dividend paid in May.
The total payout came to about 43 per cent of LMC’s net profit of RM287.82 million in 2007, a tad higher than its five-year dividend growth of 31.95 per cent.
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