KSL puts in place minimum 40% dividend payout policy

The company said the dividend policy, excluding fair value gains, would take effect from financial year ending Dec 31, 2015 (FY15).

“Shareholders should note that this dividend policy, which shall take effect from financial year 2015, indicates the board’s intention of rewarding shareholders and is not legally binding, and therefore, subject to modification (including reduction or non-declaration thereof) at the board’s absolute discretion,” KSL said in a filing with the stock exchange.