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Raffles Education ( (SG:NR7) ) just unveiled an announcement.
Raffles Education Limited has adopted a new scrip dividend scheme that allows shareholders, at the Board’s discretion for each qualifying dividend, to elect to receive fully paid new shares in place of part or all of their cash dividend entitlements. The implementation and issuance of new shares under the scheme remain subject to requisite regulatory and corporate approvals, and the company will announce the application of the scheme to specific dividends in line with Singapore Exchange listing rules, potentially offering shareholders flexibility in dividend form while supporting the company’s capital management.
The most recent analyst rating on (SG:NR7) stock is a Buy with a S$0.34 price target. To see the full list of analyst forecasts on Raffles Education stock, see the SG:NR7 Stock Forecast page.
More about Raffles Education
Raffles Education Limited is a Singapore-incorporated education group that operates through subsidiaries, focusing on providing higher education and related academic services. The company is listed on the Singapore Exchange and serves shareholders through its ordinary shares traded on the SGX-ST.
Average Trading Volume: 12,152,057
Technical Sentiment Signal: Buy
Current Market Cap: S$201.3M
Learn more about NR7 stock on TipRanks’ Stock Analysis page.