Amanah Saham Nasional Bhd (ASNB) has announced an income distribution of six sen per unit for Amanah Nasional 3 Imbang (ASN3) for the financial year ended November 30, 2010.
This is the second consecutive year the ASNB is declaring the same dividend.
The income distribution involves a payment of RM7.52 million, benefitting 11,500 unitholders with 125.41 million ASN3 shares.
Up until November 21, ASN3 recorded a gross income of RM9.26 million. Of the amount, profit from the sale of shares contributed RM4.48 million or 48.38 per cent.
"Dividend income contributed RM2.59 million or 27.97 per cent, while RM2.19 million or 23.65 per cent is derived from investment in short-term instruments and other income," PNB chairman Tun Ahmad Sarji Abdul Hamid said in a media briefing yesterday.
ASN3 is a variable priced balanced fund with the objective of generating capital growth over the medium to long-term, by investing in a balanced investment portfolio through the re-investment of distribution.
Meanwhile, PNB president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said overall, ASN3's performance was much better this year than in 2010.
He said although the stock market was sluggish, the portfolio of shares held by ASN3 had performed well.
"We can actually declare returns of 12 per cent but taking into consideration the balanced fund, we fixed an income distribution of 6 sen," he said.
"The balance 6 sen will be plough back into investments and we hope investors will continue to invest in ASN3. We hope to declare competitive dividends from time to time," said Hamad Kama Piah.
On PNB's takeover of SP Setia Bhd, he said it was finalising the necessary documents.
"PNB is also awaiting the nod from the Securities Commission before we can make any announcement accordingly," he added.
On September 28, PNB offered to buy all the remaining SP Setia shares and warrants it does not own at RM3.90 per share and 91 sen per warrant.
PNB triggered the mandatory general offer after its shareholding in SP Setia exceeded the 33 per cent threshold on September 27 this year.
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