The Company will declare dividends every year at the rate of approximately 60 percent of the net profit after tax according to the consolidated financial statement provided that the amount to be declared shall not exceed the retained earnings in the Company’s financial statements. In the event that the Company’s financial statements have retained loss, no dividend will be declared. For this purpose, the Company will take such action as prescribed by the Public Limited Companies Law and take into consideration whereby the Company will be able to pay dividends without causing significant effects on its business. The dividend payment policy of the Company’s subsidiaries likewise takes into consideration the economic outlook and business operating performance.
The Board of Directors’ Meeting no 1/2020 held on February 25th, 2020 had passed resolution to proposed to the Annual General Meeting of Shareholders 2020 which will be scheduled on April 27, 2020, to adopt the interim dividend payment of 0.04 baht per share paid on September 6, 2019, and to approve the dividend payment for 2019’s operating result of 0.56 baht per share, or the remaining dividend payment of 0.52 baht per share by dividing the dividends payment into stock dividend and cash as follows:
- stock dividend at the payout ratio of 50 existing shares to 1 dividend share or equivalent to the rate of dividend payment at the rate of 0.02 Baht per share, in the number of 490,408,365 shares, totaling in the amount of 9,808,167.30 Baht. In case there is an indivisible share, the Company will pay by cash instead of stock dividend at the rate of 0.02 bath per share
- dividends at the rate of 0.50 bath per share for 490,408,365 shares, equivalent to 245,204,182.50 Baht, with a part of dividend at the rate of 0.002 Baht per share which will be used to pay the withholding tax for the stock dividend payment at the rate required by law.
In case of the Meeting of Shareholders approves the dividend payment as proposed, the dividend payment ratio of the Company shall be 87.35 % of the net profit.
Details of dividend payment for operating year 2019 compared with previous year.
|1. Net Profit (Million Baht)||314.040|
|2. Number of shares||490,408,365|
|3. Dividend paid per share||0.56|
|3.1 Interim Dividend (Baht/Share)||0.04|
|3.2 Additional Dividend (Baht/Share)||0.52|
|4. Total Dividend Paid||274.63|
|4.1 Interim Dividend (Baht/Share)||19.62|
|4.2 Additional Dividend (Baht/Share)||255.01|
|5. Dividend Payout Ratio (%)||87.35|
Will propose for approval from the Annual General Meeting of Shareholders 2020 on April 27, 2020