STOCKS | Sa Sa Sets Final Dividend at HK$0.034, Adds HK$0.019 Special Dividend

Sa Sa International Holdings (0178) declared a final dividend of HK$0.034 per share, up 100% year on year, and a final special dividend of HK$0.019 per share, according to Ming Pao. Including an interim dividend of HK$0.0115 per share already paid, the cosmetics retailer’s full-year dividend totals HK$0.0645 per share, up 163.3% year on year. Sa Sa said its payout ratio returned to a high level of about 100%. Chairman Kwok Siu-ming said the 100% payout ratio reflects management’s strong confidence in the company’s outlook and ample cash flow. Sa Sa also said it plans to open six to seven stores in the new first half of the financial year.