Stocks Surpassing 5.25% Dividends in 2023

In December 2023, PNB announced a total income distribution of 5.25 cents per unit, comprising an income distribution of 4.25 cents per unit and a bonus of 1.00 cents per unit. This distribution, amounting to RM9.3 billion, benefited 10.8 million ASB unit holders.

For investors seeking returns higher than 5.25% per year, exploring investment opportunities in the stock exchange may be an interesting choice. However, it is important to note the risks that one faces. Here are some Bursa Malaysia stocks that offered dividend returns higher than 5.25% in 2023.

To accurately determine the dividends for 2023, the total amount of dividends for the year will be calculated and compared with the stock prices in January 2023. The prices mentioned in this analysis have been adjusted to reflect the dividends distributed.

1. $BAUTO / 5248 (BERMAZ AUTO BERHAD)
• Distributing Mazda, Peugeot and Kia brand vehicles.
• Market cap: RM2.75B
• Dividend: 22 sen per unit
• Share price on 3 January 2023: RM1.86
• Share price on 29 December 2023: RM2.32
• Dividend rate for 2023 (for investors who bought at RM1.86): 11.83%
• Current price (as of April 22, 2024): RM2.35

2. $AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)
• Sells personal health products, energy drinks, beauty products, personal care products, child care products, home use products and home hygiene care.
• Market Cap: RM1.2B
• Dividend: 38 cents per unit
• Share price on 3 January 2023: RM4.40
• Share price on 29 December 2023: RM5.54
• Dividend rate for 2023 (for investors who bought at RM4.40): 8.64%
• Current price (as of April 22, 2024): RM7.30

3. $APOLLO / 6432 (APOLLO FOOD HOLDINGS BERHAD)
• Produces well known snacks among Malaysian and also exported products to foreign countries.
• Dividend: 25 sen per unit
• Share price on 3 January 2023: RM3.37
• Share price on 29 December 2023: RM5.38
• Dividend rate for 2023 (for investors who bought at RM3.37): 7.42%
• Current price (as of April 22, 2024): RM6.60

Source: https://cutt.ly/zequB3Ef