The Company will pay dividend every year at the rate approximately 60 percent of the Net Profit after Tax of the Consolidated Financial Statements, provided that such dividend declaration will not be over the Retained Earning of the Company’s Financial Statements. In case the Company’s Retained Earning was at loss, no dividend will be declared. The Company will take all actions as prescribed by the Public Limited Company Act and consider liquidity of the Company that will enable the Company to pay dividend without significant effect to its business. The Dividend Policy of the Company’s subsidiaries will also take into consideration of their economic situation and their operating performances.
The Board of Directors, in their 2/2017 Board of Directors Meeting on February 23rd, 2017 had resolved to propose to the 2017 Annual General Meeting of Shareholders, to be held on April 21st, 2017, to consider to adopt the 0.10 Baht per share interim dividend paid on September 9th,2016 and to consider to approve the dividend for the 2016 performance at the rate of 0.80 Baht per share, or the remaining 0.70 Baht per share dividend to be paid. If approved by the Annual General Meeting of Shareholders, as proposed, the dividend payout ratio of the company will be 89.7 percent.
Details of the dividend payment for 2016, compared to that of previous years will be as follows:
|1.||Net Profit (Million Baht)||437.51||606.13||497.74|
|2.||Number of shares||490,408,365||490,408,365||490,408,365|
|3.||Dividend paid per share|
|3.1 Interim Dividend (Baht/Share)||0.10||0.20||0.10|
|3.2 Additional Dividend (Baht/Share)||0.70||0.90||0.70|
|4.||Total Dividend Paid||392.33||539.45||392.33|
|4.1 Interim Dividend (Baht/Share)||49.04||98.08||49.04|
|4.2 Additional Dividend (Baht/Share)||343.29||441.37||343.29|
|5.||Dividend Payout Ratio (%)||89.67||89.00||78.82|
*will propose to the 2017 Annual General Meeting of Shareholders on April 21st,2017