MBSB Berhad (“MBSB”) has declared a single-tier interim cash dividend of 1.80 sen per share for the financial year ended 31 December 2024 (FY2024). The dividend will be payable on 27 March 2025 to shareholders registered in the Records of Depositors as of 17 March 2025.
Together with the 2.75 sen per share interim dividend paid in January 2025, MBSB’s full-year cash dividend totals 4.55 sen per share, translating into a payout ratio of 90%—well above MBSB’s dividend payout policy of a minimum 30%. This represents a dividend yield of 6.32%, reinforcing MBSB’s commitment to rewarding shareholders while maintaining prudent capital management.
Additionally, with this dividend payout, MBSB has delivered a Total Shareholder Return (TSR) of 10.6% in 2024, reflecting strong shareholder value creation.
This dividend declaration is supported by MBSB’s strong financial performance, including a 186% increase in Profit Before Tax (PBT) to RM586 million and a 31% rise in Group revenue to RM3.7 billion. With an improved CASA ratio of 11% and disciplined cost management keeping the Cost-to-Income Ratio at 54.9%, MBSB remains focused on delivering long-term value and sustainable returns to its shareholders. Commenting on the dividend announcement, Rafe Haneef, Group Chief Executive
Officer of MBSB, said: “This dividend declaration reflects our confidence in MBSB’s financial resilience and continued growth momentum. As we celebrate our 75th year, we remain committed to delivering sustainable value to our shareholders while investing in future growth areas such as SME financing, digital banking, and wealth management.”
