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Raffles Medical Shares Up 6.7% on Dividend Plan
The Straits Times
|February 25, 2025
Private healthcare provider Raffles Medical Group has revised its dividend policy to pay out at least 50 per cent of its sustainable earnings annually.
It also plans to buy back up to 100 million ordinary shares over the next two years, the mainboard-listed company said in a bourse filing on Feb 24.
Shares of Raffles Medical jumped when trading opened, with the counter up five cents, or 6.1 per cent, at 87.5 cents at the midday break. The counter closed 6.7 per cent higher at 88 cents on Feb 24.
For the second half of 2024, the board has proposed a final dividend of 2.5 cents per share, up from 2.4 cents for the year-ago period.
Once approved by shareholders at its April 25 annual general meeting, the dividend will be paid on May 23, after books closure on May 15.
This story is from the February 25, 2025 edition of The Straits Times.
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