Hibiscus Petroleum Berhad announced that there has been a positive development relating to an extension of the expiration date of one of its Production Sharing Contracts.
However, without revealing much details about the contract or the client, the group said it would be providing further details in relation to the extension once it gets clearance from the relevant authorities.
In view of this positive development, Hibiscus has decided to declare a third single-tier interim dividend of 2.0 sen per ordinary share, which will be payable on 2 May 2025.
The dividend of 7.0 sen declared to-date represents a dividend yield of 5.1% based on the closing price of RM1.37 on 12 March 2025. The total dividends declared as of 13 March 2024 for the financial year ended 30 June 2024 was 4.0 sen.
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