HEXZA First and Final Dividend

As expected, Hexza announced first and final dividend today.  Total dividend = 10 % (i.e. 8% less 25% tax + 2% single-tier) with PAR RM 0.50.  This translates into 5 cents dividend.  Based on today price, i.e. RM 0.62.  The DY is 8.06%.  Quite high DY.


Read more:
TA on HEXZA

TA on HEXZA

Support: 0.62 / 0.64
Resistance: 0.61 / 0.60

Spotted little bullish based on chart above due to coming dividend announcement?  If look back to the last year's movement, the next day gap up after 10% dividend is announced on 24th of October 2011.

Based on their dividend history, I believe they are going to announce dividend soon or anytime at the end of October.  Expected before or after Hari Raya Haji?  Let's wait and see how its perform next week.