Mitrajaya...appetizers for mitra holders...

announcement made on 25 february 2011...

**Remarks :
The Directors are recommending a first and final single tier cash dividend of 12% and a share dividend on the basis of one (1) treasury share for every twenty (20) existing ordinary shares of RM1.00 each held in the Company, fractions of treasury shares to be disregarded in respect of the financial year ended 31 December 2010.**

checkout full report at bursa malaysia~> http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp

so...wat izzit all about??? in simple words, Mitra are giving more present to mitra holder before bonus issue....listen...

1. cash dividen of 12%...aka 12 sen...mitra's par at rm1.00...or if taxed at 28%, div is at 8 sen...yeppi!
2. share dividen...1 for every 20 units...aka...100 unit per 2,000 unit...simpler term...2 big lots, u get 100 units...20 big lot, u got 1 big lot....yeppi!

get this...1 for every 20 unite means u get about another rm0.05 pershare...plus that 8 sen cash dividen (after tax)...means u get 13 sen nett dividen pershare....at the stock price of rm2.00, u get a Dividen Yield of 6.5%....nice...

bear in mind...this is just an appetizer....remember we still got Bonus Issue, Free Warrants and Share Splits coming afterwards....

checkout my previous review on mitra ~> http://investorsplanet.blogspot.com/2011/01/mitra-big-surprise.html

i am seeing good prospect in near term for Mitra...