<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 2): Ajinomoto (M) Bhd’s RM2.12 special dividend announced in July last year in conjunction with a land disposal exercise will go ex on May 15.</p></div>

<div class=newsTextDataWrapInner><p>The payment date will be May 30, the company said in a filing.</p></div>

<div class=newsTextDataWrapInner><p>Ajinomoto is paying out the dividends following the sale of six parcels of land along Jalan Kuchai Lama to Tan Sri David Law Tien Seng, better known as TS Law, for RM408 million, cash.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The dividend payout amounts to RM128.89 million.</p></div>

<div class=newsTextDataWrapInner><p>Ajinomoto has yet to declare dividends for the financial year ended March 31, 2024 (FY2024). It paid out 9.1 sen per share for FY2023, up from 8.5 sen for FY2022 — two of the lowest dividend payouts by the company as earnings fell sharply in the two years.</p></div>

<div class=newsTextDataWrapInner><p>In the nine months ended Dec 31, 2023 (9MFY2024), net profit rebounded to RM37.21 million from RM4.39 million in 9MFY2023, as revenue rose 8.49% to RM483.68 million, from RM445.83 million.</p></div>

<div class=newsTextDataWrapInner><p>Also helping earnings was the narrower operating expenses of RM432.68 million in the period, from RM436.99 million the year before. As a result, operating margins improved to 10.54%, from 1.98%.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Ajinomoto on Thursday closed up 32 sen or 1.7% to RM19.74, giving it a market capitalisation of RM1.2 billion. At last close, the counter has a trailing dividend yield of 0.46%.</p></div>


Ajinomoto (M) Bhd’s RM2.12 special dividend announced in July last year in conjunction with a land disposal exercise will go ex on May 15.

Ajinomoto’s special dividend of RM2.12 goes ex on May 15

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Investors hoped the measures marked the beginni...

China unveils 'historic' steps to stabilise crisis-hit property sector

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