SEG International Berhad (SEGi) gained yet another feather in its cap this month with the winning of the The Edge Billion Ringgit Club (BRC) Best Performing Stock Award (over 3 years) in the Trading/Services, Hotels, IPC and Technology sector.
This Award recognizes a company in Malaysia which provides the Highest Returns to Shareholders over three years, comprising growth in share price and dividends received over the past three years.
The Edge Billion Ringgit Club (The Edge-BRC) and Corporate Awards 2012 is the third such event organized by The Edge, Malaysia’s leading financial media company. The award was created to honour the country’s biggest and best-performing companies and their CEOs.
To be a member of this elite group, a company must be listed on Bursa Malaysia and must have a stock market capitalisation of at least RM1.0 billion on March 31, 2012.
Results of award winners were announced during a gala dinner on July 16 at KL Hilton.
The track record of SEGi’s stock performance has indeed been impressive beginning way back from 1999. As of Financial Year end of 1999, the dividend payout ratio was already 47.4% with a gross dividend issuance of RM0.10 per ordinary share. The total dividends paid from earnings for that year was RM1.9 million.
The subsequent 6 years proved to be even more beneficial to shareholders and stakeholders, with the peak returns in Financial Year 2005 at a whopping 534.7% dividend payout ratio.
As of Financial Year 2011, SEGi announced its dividend policy of distributing a minimum of 50% of the Group’s net profits to its shareholders. Although there was a slight dip in dividend figures for 2007 to 2009, SEGi’s performance was still impressive holding above 23% dividend payout ratio. By the 2nd interim of Financial Year 2011, dividend payout ratio was already 73.7%.