KUALA LUMPUR: Permodalan Nasional Bhd (PNB)'s wholly-owned subsidiary, Amanah Saham Nasional Bhd (ASNB) declares an income distribution of seven sen per unit and a bonus of 0.25sen per unit for its flagship fund, Amanah Saham Bumiputera (ASB) which will be paid out on 2nd January 2018.
The group also announced an additional bonus of one sen a unit in line with Special PNB 40th Anniversary Bonus, for the first 10,000 units for ASB, to be paid out on 1st March 2018.
The dividend is paid out of ASB’s net income whilst the bonus and special anniversary bonus are paid out of PNB’s proprietary funds at its discretion.
PNB will then collectively pay out a total distribution of RM10.7 billion for the financial year ending 31 December 2017, which would benefit 9.1 million unit holders who own over 145.6 billion units in ASB.
“The majority of unit holders, numbering some 7.5 million balances up to 10,000 units will get an effective return of 8.25 sen,” said PNB group chairman, Tan Sri Abdul Wahid Omar at the group’d results announcement here, this morning.
“This income distribution represents a premium of 4.85 per centage points over ASB’s benchmark, which is the average three-months KLIBOR of 3.4 per cent as ASB recorded a net income of RM8.91 billion, as of at 30 November. This is on the back of Malaysia's strong economic growth which is on track for a full year gross domestic product (GDP) growth of 5.8 per cent and the successful implementation of PNB’s STRIVE-15 strategic plan to date.
PNB also announced an income distribution of 3.65 sen a unit for its first variable-price fund, Amanah Saham Nasional (ASN), which translates to a dividend yield of five per cent and contributing year-to-date total return of 15 per cent as at 21 December 2017.
The total income distribution of RM69.4 million will benefit 1.2 million unit holders with 1.9 billion units in the fund.
The group's total assets under management (AUM) grew to RM276.5 billion by November this year, representing an increase of 4.6 per cent year-on-year.