UMS seeks to stay as solid yield play

SINGAPORE (May 5): UMS Holdings’ diversification into the water and chemical engineering solutions business is not likely to affect its dividend policy, says executive chairman and CEO Andy Luong.

In the past five years, the company had consistently paid out between 75% and 114% of its earnings. Over that period, its dividend yield had not dipped below 5%, earning UMS a reputation as a solid yield play.

“It is our usual practice to reward shareholders with dividends for their loyalty and continuous support of UMS,” Luong says.

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