{
  "id": 9150828,
  "title": "L&G shareholders approve higher FY26 dividend",
  "url": "https://urgent.news/2026/09/22/l-g-shareholders-approve-higher-fy26-dividend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T13:27:38.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1538730/lg-shareholders-approve-higher-fy26-dividend"
  },
  "original_language": "en",
  "account": "On today's 63rd annual general meeting, Land & General Bhd's shareholders approved all nine resolutions. This included a single-tier final dividend of 0.8 sen per share for the financial year ending March 31, 2026. This dividend, combined with a 0.2 sen first interim payment, results in a total 1.0 sen per share for FY26, representing a 25% increase from the 0.8 sen paid out in FY25. The final dividend will be distributed to eligible shareholders on October 16. The meeting also saw the approval of the re-election of three directors, the reappointment of KPMG PLT as auditors, and the group's authority to issue new shares and potentially undertake a share buy-back. These approvals followed a record-breaking FY26, where group revenue increased by 70.6% to RM490.5 million and pre-tax profit rose 25.6% to RM74.2 million. The upward trend continued into Q1 FY27, with revenue up 61.5% to RM159 million and pre-tax profit climbing 42.6% to RM24.9 million. As of June 30, L&G had RM513 million in unbilled sales, providing ongoing earnings visibility as construction projects progress. Managing Director Low Gay Teck stated that the support from today's AGM reaffirms the company's commitment to delivering sustainable returns and positioning the group for long-term growth. The company is also embarking on a strategic evolution to grow its business platform. While property development remains its main earnings driver, L&G plans to transform its Lembah Beringin landbank into an industrial park, subject to necessary approvals, with the first phase expected to launch in FY27 and begin revenue recognition in FY28. The company sees this move as an expansion of its capabilities rather than a departure from its established strengths. Property development, education, and industrial development will form the three pillars of L&G's diversified, resilient platform for future growth.",
  "summary": "KUALA LUMPUR: Land & General Bhd's shareholders have approved all nine resolutions at the group's 63rd annual general neeting (AGM) today.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}