PETALING JAYA: OCK Group Bhd
has alluded to the possibility of formulating a new dividend policy in the near term and targets to declare dividends once every year.
This is underpinned by robust operating cash flow, a firm balance sheet and enhanced liquidity from its new sukuk programme.
For the same reasons, OCK does not plan to secure equity funding for expansion in the near-to-medium term, said Kenanga Research.
In recent years, OCK paid dividends sporadically, including in the financial year 2017 (FY17) (0.9 sen) and FY21 (0.5 sen).
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