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

Reuters
2025/02/13
BUZZ-Australia's Regal Asian Investments hits 3-month high on higher dividend policy

** 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;))

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