Understanding how to read and interpret these announcements can help you make informed investment decisions and manage your portfolio effectively.  Dividend Announcement by Magni-Tech Industries Berhad Let's take a closer look at some of the key details typically included in a dividend announcement: 1. Entitlement Subject and Description This section specifies the type of dividend being announced, such as an interim, final, or special dividend. 2. Ex-Dividend Date (!! Important !!) If you purchase shares on or after this date, you will not be eligible to receive the announced dividend. You must buy the shares before this Ex-Date, if you want to get the dividend. 3. Entitlement Date Also known as the record date, this is the date on which shareholders must hold the company's shares to qualify for the dividend payment. Shareholders on the company's register as of this date will be entitled to receive the dividend. 4. Payment Date (!! Important !!) This is the date on which the company will actually pay out the dividend to eligible shareholders. If you don't receive it on this date, you shall call the Registrar. 5. Share Transfer Book Closure Dates These are the dates during which the company's share transfer books and register of members will be closed for the purpose of determining the entitlement to the dividend. 6. Dividend Amount and Currency This section clearly states the dividend amount per share and the currency in which it will be paid. It may also indicate whether the dividend will be paid in a different currency than the company's primary currency. 7. Registrar or Service Provider Contact Details The announcement typically includes the name, address, and contact information of the company's registrar or service provider responsible for handling the dividend distribution. Remember, staying informed about dividend announcements and understanding their implications is essential for managing your investments effectively.
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