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 statements 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 statement 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 where by 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 Director’s Meeting’s Meeting No.1/2016 held on February 23, 2016 had passed resolution to proposed the Annual General Meeting of Shareholders 2016 on April 22, 2016, to adopt the interim dividend payment of 0.20 Baht per share paid on August 13, 2015, and to approve the dividend payment of 2015’s operating result of 1.10 Baht per share, or the remaining dividend payment of 0.90 Baht per share. In case of the Meeting of Shareholders approves the dividend payment as proposed, the dividend payment ratio of the Company shall be 89.00%.
Details of dividend payment for operating year 2015 compared with previous year.
|1.||Net Profit (Million Baht)||606.13||497.74|
|2.||Number of shares||490,408,365||490,408,365|
|3.||Dividend paid per share|
|3.1 Interim Dividend (Baht/Share)||0.20||0.10|
|3.2 Additional Dividend (Baht/Share)||0.90||0.70|
|4.||Total Dividend Paid||539.45||392.33|
|4.1 Interim Dividend (Baht/Share)||98.08||49.04|
|4.2 Additional Dividend (Baht/Share)||441.37||343.29|
|5.||Dividend Payout Ratio (%)||89.00||78.82|