Dividend Policy & Distribution Guidelines
United Plantations Berhad (UP) shall distribute Annual Dividends to its shareholders and will use the
following guidelines to determine and pay such dividend.
The dividend policy of UP is to pay dividends to our shareholders from distributable profits as may be
determined by our Board of Directors from time to time, subject to:
1)Our capital expenditure and other investment plans
2)Our available cash and cash equivalents
3)Our debt/equity ratio
4)Our anticipated future growth and overall earnings
Based on the above factors we shall endeavor to have an annual dividend (interim and final) payout ratio of
between 70-80%. Any special or extraordinary dividend declared and paid may result in exceeding this pay-
out ratio