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Alliance Financial raises final dividend

Alliance Financial Group Bhd. raised its final dividend for the fiscal year ended March 31 to 7.50 sen per share from 6.50 sen per share in the prior-year period.

Together with an interim dividend of 8.50 sen per share, the company's total dividend for the fiscal year amounted to 16 sen per share, up from a total dividend of 14.50 sen per share in the prior fiscal year.

The dividend will be paid June 22, according to a May 31 release.

As of May 31, US$1 was equivalent to 4.28 Malaysian ringgit.