MCS Steel Non-Voting DR MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

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MCS Steel Non-Voting DR

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Post by maypeterson Dec 17, 2016 2:22am

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Post# 25613878

Dividends

Folks may have skipped over the announcement in October that the distribution will increase by 10% in January.

The REIT also announced today that its Board of Trustees has approved a 10.0% increase to its Unitholder monthly cash distributions. The increase to cash distributions is expected to be effective for the January 2017 distribution, payable on February 15, 2017, to Unitholders of record on January 31, 2017.

Also with the payout ratio between 50-60% - MST will continue to increase the distributions in time.

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