KUALA LUMPUR: Allianz Malaysia Bhd is giving out second interim single tier dividends of 69.0 sen per ordinary share and 82.8 sen per irredeemable convertible preference share (ICPS) for the financial year ended Dec 31, 2023 (FY2023).
This brings the ordinary share dividend for the year to 105 sen to represent Allianz Malaysia' highest level for a full financial year, surpassing 85.0 sen for FY2022.
The full-year dividend for ICPS, meanwhile, amounted to 120.6 sen to reach its highest ever total dividend following 102.0 sen for FY2022.
This announcement follows the company's strong financial results recorded as of the third quarter of the financial year 2023, reaffirming its position as a leading insurance and financial services provider in Malaysia.
Previously, Allianz Malaysia announced a first interim single tier dividend of 31.5 sen for ordinary shares and 37.8 sen for ICPS in May 2023.
Chief executive officer Sean Wang said the focus for last year had been on profitable growth, and that had very much become the theme of 2023.
"As of Q3, the top-line had shown tremendous results, but the bottom-line had accompanied this trend and even surpassed it in some instances.
"Our strong emphasis on technical excellence has allowed us to build on the profit margin, and we are extremely pleased to be able to announce our dividends to shareholders who have continued to place their commitment and trust in us," he said in a statement today.
Allianz Malaysia remains committed to delivering exceptional value to its shareholders and ensuring sustainable growth.
The company said it is on the right trajectory and the declaration of dividends reflect its dedication to rewarding its shareholders for their continued support.