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VIP Gloves announces 'generous' new dividend policy

VIP Gloves Ltd's (ASX:VIP) Sebastian Chang caught up with Proactive's Andrew Scott following the news the company has approved a new dividend policy whereby an annual dividend payout ratio of between 20% and 40% of earnings before significant items, subject to the company's financial position, will be determined. It'll be payable as cash dividends to holders of VIP shares.

Quick facts: VIP Gloves Ltd

Price: 0.051 AUD

ASX:VIP
Market: ASX
Market Cap: $38.04 m
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VIP Gloves' Sebastian Chang talks maiden interim profit and dividend

VIP Gloves Ltd's (ASX:VIP) Sebastian Chang speaks to Proactive's Andrew Scott after recording record revenue and profit in the half-year to December 2020. The company's putting the increased demand for its nitrile gloves down to COVID-19, saying it has experienced a demand upsurge since April...

2 weeks, 3 days ago

2 min read