Quarz says satisfied with CSE Global's dividend guidance of 2.75 cents per share for FY18

SINGAPORE (Mar 8): Quarz Capital, the activist investment group, says it welcomes CSE Global’s board and management for providing a clear dividend guidance for FY18.

CSE is guiding for 2.75 cents per share for FY18 with 0.25 cent of the dividend to be confirmed in 2Q18. This amounts to a potential dividend yield of 7.4% based on CSE's 37 cents closing price on Wednesday.

Quarz's response follows a meeting with the management of CSE on Monday to discuss the issues that were raised by Quarz in an open letter on Feb 26.

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