Petaling Jaya, 3 March 2024 – MBSB Berhad (“MBSB”) has declared a single-tier interim cash dividend of 1.80 sen per share for the financial year ending 31 December 2024 (FY2024). This dividend is set to be paid on 27 March 2025 to shareholders registered in the Records of Depositors as of 17 March 2025.
With the 2.75 sen per share interim dividend paid in January 2025, MBSB’s total dividend for the year amounts to 4.55 sen per share, reflecting a payout ratio of 90%, significantly exceeding MBSB’s dividend policy of at least 30%. This translates to a dividend yield of 6.32%, underscoring the company’s commitment to rewarding its shareholders while maintaining effective capital management.
MBSB’s strong financial performance supports this dividend, with a 186% increase in Profit Before Tax (PBT) to RM586 million and a 31% rise in Group revenue to RM3.7 billion. Additionally, MBSB achieved an improved CASA ratio of 11% and kept its Cost-to-Income Ratio at 54.9%, demonstrating disciplined cost management.
This dividend payout contributes to MBSB’s Total Shareholder Return (TSR) of 10.6% in 2024, reinforcing the company’s dedication to creating value for its shareholders.
Rafe Haneef, Group Chief Executive Officer of MBSB, commented, “This dividend declaration highlights our confidence in MBSB’s financial resilience and ongoing growth. As we celebrate our 75th anniversary, we remain focused on creating long-term value for our shareholders, while investing in future growth areas such as SME financing, digital banking, and wealth management.”
