Investor Day 2021 - Maybank Group's Five-Year Strategy: M25
...Enabling Steady Shareholder Rewards & Better Cash Payouts up to FY19
Total dividend payout ratio consistently above 40-60% policy rate
Dividend (sen), Payout Ratio, Yield and Cash Component (%)
Dividend Payout
Ratio
76.5% 74.9%
79.9%
74.7%
71.9%
78.5%
76.3% 78.1% 78.5%
87.8%
91.2%
77.3%
100%
67%
53%
27%
Cash Component
13%
11%
12%
20%
25%
19%
27%
34%
of Total Dividend
7.3%
Gross Dividend
Yield
6.7%
7.1%
7.4%
5.4%
6.2%
6.4%
6.3%
5.6%
6.0%
6.1%
4.2%
65.0
64.0
60.0
57.0
57.0
55.0
55.0
53.5
54.0
52.0
52.0
33
■Final
Interim
+
32
85.7%*
39
86.1%*
36.0
33
44
31
85.9%*
30
32*
+
32
82.6%* 83.7%*
32
89.1%*
81.7%*
38.5
88.6%*
36
+
28
91.1%*
88.5%*
32
88.2%*
24
25
11
22.5
85.9%*
24
84.0%*
20
87.5%*
83.5%*
23
85.7%*
25
84.0%*
13.5
87.4%*
FY08
FY09
FY10
FY11
FP11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
Effective Cash
1
1
1
1
1
1 Г
Г
Г
I
Dividend Paid Out
I I
60.4% 61.4%
I
I I
I I
I I
I
26.2% 17.2%
I I
L
I
17.0%
I
I
I
I I
19.0% 22.0% 29.0% 23.2%
I
I
I
I
28.6%
57.2%
47.1%
I I
87.8%
39.3%
from Net Profit
L
J L
L
L
JL
Note:
*
+
#
•
Actual Reinvestment Rate for Dividend Reinvestment Plan. The reinvestment rate for Final Dividend FY2020 is pending the execution of the 20th DRP.
The Final Dividend for FY2017, Interim and Second Interim Dividend (reclassification from Final Dividend) for FY2019 were fully in cash.
The Net Dividend is 28.5 sen of which 15 sen is single-tier dividend. Maybank adopted the single-tier dividend regime with effect from FY2012.
Effective Cash Dividend Paid Out for FY2020 is based on the actual reinvestment rate for Interim Dividend FY2020 and an 85% reinvestment rate assumption for Final Dividend FY2020.
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