KAML to pay K0.04 dividend

Business, Normal

The National, Thursday 23rd May 2013

 Kina Asset Management Ltd (KAML) says it will pay K0.04 per share for last year’s dividends.

KAML board announced that the shares will trade ex-dividend today. 

The record date will be May 3, 2013 and payment will be made to eligible shareholders on June 21.

KAML said its board of directors was pleased to offer shareholders the opportunity to participate in the company’s dividend reinvestment plan.

 “The plan is an easy, cost-effective way to increase shareholder investment in KAML.

“It will be available for the dividend for the year ending Dec 31, 2012, and a discount of 2.5% will apply to the reinvestment on this dividend.

The plan shares will be issued to participating shareholders on June 21, 2013, which is the dividend payment date.

The computation of the plan shares will based on the weighted average market price of the company’s shares sold on the Port Moresby stock exchange (POMSoX) during the seven trading days starting on the trading day after the record date on May 31, 2013.

Shareholders who have previously opted to participate in the plan will automatically be registered as a participant for this dividend.