Friday, April 16th, 2021, Top Glove Spends RM1.42b on Shares Buyback. The world's largest rubber glove maker, Top Glove Corp Bhd, has spent RM1.42 billion since September last year on buybacks after...

Extracted text: Friday, April 16th, 2021, Top Glove Spends RM1.42b on Shares Buyback. The world's largest rubber glove maker, Top Glove Corp Bhd, has spent RM1.42 billion since September last year on buybacks after it proposed a bonus issue of up to 5.48 billion new shares on July 2020, on the basis of two bonus shares for one existing share in the rubber glove manufacturer, to reward its shareholders and enhance trading liquidity of its shares. This year alone, Top Glove has bought back 23.79 million shares with prices ranging between RM5.78 and RM6.15. In total, the glove maker has paid RM141.8 million for the buybacks, retaining 23.79 million units of shares. (Excerpt from https://themalaysianreserve.com/.) (b) Based on the situation above: i. Explain the type of dividend payment implemented by top glove and the advantages of the action taken. ii. Discuss any other THREE (3) types of dividend payment method that can be implemented by Top Glove.