Best Fit News: AirAsia's dividends

The Edge Malaysia's article header involving AirAsia'a dividends: AirAsia proposes first and final single tier dividend of 5 sen per share

• AirAsia proposes first and final single tier dividend of 5 sen per share
  Written by Surin Murugiah of theedgemalaysia.com
  Tuesday, 15 May 2012 18:58
  
  KUALA LUMPUR (May 15): AirAsia has proposed a first and final single tier dividend of 5 sen per share of 10 sen each for the financial year ended Dec 31, 2011 to be paid in cash on July 20, 2012.
  
  In a filing to Bursa Malaysia Securities Bhd on Tuesday, AirAsia said the dividend was subject to shareholders’ approval at its forthcoming annual general meeting.
  
  The single-tier dividend is tax exempt in the hands of the shareholders, it said.

Source: http://www.theedgemalaysia.com/business-news/213562-airasia-proposes-first-and-final-single-tier-dividend-of-5-sen-per-share.html

Here's the Star Biz header: AirAsia expected to propose dividend of 50%

• Wednesday May 16, 2012
  AirAsia expected to propose dividend of 50%
  PETALING JAYA: AirAsia Bhd will recommend a first and final single tier dividend of 50% or five sen per ordinary share of 10 sen for its financial year ended Dec 31, 2011 at its upcoming AGM.
  
  It said in a filing with the stock exchange that the proposed dividend, which requires the approval of shareholders, would be payable in cash on July 20 to the holders of ordinary shares registered in the Record of Depositors at the close of business on June 21.
  
  It said in the filing that the dividend was tax exempt in the hands of the shareholders and the notice of entitlement would be announced and advertised at a later date.
  
  For the financial year ended Dec 31, 2011, AirAsia’s after-tax profit fell 47% to RM564.1mil from RM1.061bil previously.
  
  Revenue, however, rose 13% to RM4.474bil due to growth in passenger volume.

Source: http://biz.thestar.com.my/news/story.asp?file=/2012/5/16/business/11298900&sec=business

The 50% dividend is indeed correct but it's only 5 sen per ordinary share of 10 sen.