Australia's Regal Asian Investments hits 3-month high on higher dividend policy

Regal Asian Investments

13/02/2025 01:18

** Shares of Regal Asian Investments  RG8.AX  up 1.4% at
A$2.210
    ** Stock rises as much as 1.9% earlier in the day to
A$2.220, its highest level since November 18, 2024
    ** Portfolio manager says it will pay a dividend of at least
6 Australian cents per share on a half-yearly basis, an increase
from the former policy of 5 Australian cents per share
semi-annually
    ** Co posts HY operating loss after tax of A$15.7 million 
($9.86 million) versus a profit of A$10.1 million a year earlier
    ** Stock up 3.3% YTD, including current session's moves 

($1 = 1.5929 Australian dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))