Public Mutual declares dividend

KUALA LUMPUR: Public Mutual Bhd has declared the final dividends for five of its funds for the financial year ended May 31.

The distributable income comprised 6 sen for the Public Ittikal Fund, 1.75 sen for the Public Islamic Equity Fund, 2 sen for the Public Dividend Select Fund, 5 sen for the Public Balanced Fund, and 2.5 sen for the Public Select Bond Fund.

In a statement, Public Mutual chairman Tan Sri Teh Hong Piow said despite the challenging market conditions, the funds still managed to outperform their respective benchmarks and achieved respectable double-digit three-year returns to investors. — Bernama