Dividend from Lotte Chemical

Petrochemical producer Lotte Chemical Titan Holding Bhd has declared a special dividend of 13.98 sen per share for the financial year ending Dec 31, 2022, payable on Dec 29, 2022.

President and chief executive officer Park Hyun Chul said this would amount to a total dividend payout of Rm318.4mil, translating into a dividend yield of 9.58% based on the closing share price of RM1.46 on Nov 24, 2022.

“This special dividend is intended to reward our shareholders for their continued and unwavering support,” he said in a statement.

It will continue to focus on its growth and expansion in Indonesia through the Lotte Chemical Indonesia new ethylene project and bring value to its shareholders. — Bernama