SBH Marine Holdings Bhd, a vertically integrated frozen seafood specialist, announced a single-tier interim dividend of 0.5 sen per ordinary share in respect of the financial year ending 31 December 2024, according to a Bursa filing and a press release both dated Dec 18.

The ACE market consumer listing's total dividend payout this round amounted to RM4.44 million with the ex-date falling on 7 January 2025. The dividend announced is expected to be paid on 23 January 2025.

This would be the first dividend to be paid by SBH Marine for FY2024 and second dividend declared post listing after the company paid a final single-tier dividend in relation to its financial year ended 31 December 2023 of 0.25 sen per ordinary share with total payment reaching RM2.22 million in July 2024.

SBH Group Managing Director Tan Boo Nam said, "Despite some of the challenges faced during the financial year due to global market factors, we ensure that our operations and cash flows are managed prudently whilst endeavouring to reward our shareholders at the same time."

SBH Marine specialises in processing frozen seafood especially shrimps and cephalopods for exports to Europe, Middle East and Asia.

The group's newly set up shrimp hatchery and nursery has been operational since December 2024 whilst the construction of its second seafood processing plant is expected to be completed in 2026.