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CONSISTENTLY HIGH DIVIDENDS |
Despite the inevitable flurry of trading activity following the NTT/GTH transaction, SLT remains a steady, productive stock for the long- and medium-term investor. In times of financial crisis and economic uncertainty, the attractiveness of such a stock is enhanced, though this is not necessarily reflected in trading volumes as investors often choose to ‘buy and hold’.
Total Shareholder Return since IPO
| Period |
Dividend |
Rs. |
| 31 Dec. 02 |
Interim Dividend |
541,458,000 |
| 31 Dec. 02 |
Final Dividend |
541,458,000 |
| 31 Dec. 03 |
First & Final Dividend |
902,430,000 |
| 31 Dec. 04 |
First & Final Dividend |
902,430,000 |
| 31 Dec. 05 |
First & Final Dividend |
1,353,645,000 |
| 31 Dec. 06 |
First & Final Dividend |
1,804,860,000 |
| 31 Dec. 07 |
First & Final Dividend |
1,804,860,000 |
| 31 Dec 08 |
Proposed First &
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Final Dividend |
| Total Return |
|
9,656,001,000 |
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STAYING CLOSE TO THE MARKET
SLT’s unique industry position and market profile makes it always newsworthy. This was especially so in the year under review, as the NTT/GTH transaction placed the Company under the media spotlight.
Anticipating the attention and the trading activity that would accompany it, the Company remained closely in touch with investors and the financial media. Though share promotion activities were somewhat restricted in view of the anticipated ownership transfer, an investor forum was held in Sri Lanka in February and regular meetings continued to be held throughout the year with stockbrokers, analysts and prospective investors. As usual, the Company’s investor newsletter continued to be published every quarter. |
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