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Yanlord Land proposes higher 2017 dividend

Yanlord Land Group Ltd. proposed a first and final dividend of 6.80 Singapore cents per ordinary share for the 2017 full year.

The amount represents a 56.3% increase from the 4.35 cents per share paid for full year 2016 and a dividend payout ratio increasing to about 20% of profit attributable to owners for 2017.

As of March 1, US$1 was equivalent to S$1.32.