Maybank has a long-term dividend policy of a 40% to 60% dividend payout ratio based on reported net profit attributable to shareholders. However, the dividend payout ratio since Financial Year 2010 has ranged between 71.9% (FY2013) to 79.9% (FP2011) due to the Dividend Reinvestment Plan in place since the final dividend of FY2010, while the full cash dividends for FY2019 resulted in a dividend payout ratio of 87.8%.
Cash dividends are paid by cheque or warrant sent by post to the last registered address of shareholders appearing in the Record of Members or via eDividend.
Instead of receiving dividends by bank cheques, using the eDividend service will enable investors to receive cash dividends directly into their bank account.
To register for the service, investors will need to submit a completed form with supporting documents to the stock broker's office where their CDS account is maintained. If the CDS account is held in the name of a nominee, the nominee will register for the eDividend.
For more information on eDividend and how to register for the service, please visit Bursa Malaysia's webpage on eDividends by clicking here.