Dividend History and Policy
The Company’s dividend payment policy of making annual dividend payment to its shareholders twice a year at a rate of not less than 50.0% of the consolidated net profit after deduction of all legal reserves,however, are subject to change depending on the Company’s investment plan, necessities as well as other justifications and considerations that the Board of Directors deems appropriate. In respect of dividend payment policy by the subsidiaries, such subsidiaries will pay dividends to the Company from their net profits. The dividend payment is, however, subject to many factors such as their financial condition and results ofoperation, liquidity, business expansion and factors related to the operation of their business.
Moreover, dividends from net profits from the business with BOI privileges are exempted from income tax and the Company is not obligated to deduct withholding tax from such dividend payment.
The following are dividends that the Company paid to its shareholders as follow
|Performance year||Consolidated net profit (Bt m)||Company’s Net Profit (Bt m)||Earnings per share (Bt)||Dividend per share (Bt m)||Dividend Payout Ratio from Separate FS*(%)||Dividend Payment Date|
|2019**||5,654.50||5,654.50||2.53||1.60||63.2||Apr 30, 2020|
|Interim Dividend 2019||2,765.82||2,765.82||1.24||0.62||50.1||Sep 4, 2019|
|Interim Dividend 2018||2,472.25||2,472.25||1.11||0.55||49.7||Sep 5, 2018|
|2017||5,605.34||5,605.34||2.51||1.38||55.0||May 16, 2018|
|2016||6,107.67||6,107.67||2.74||2.10||76.8||May 19, 2017|
|2015||7,670.28||7,680.36||3.44||1.75||50.8||May 18, 2016|
|2014||6,653.84||6,654.52||2.99||1.00||45.3||May 15, 2015|
|2013||5,801.82||5,175.03||2.61||0.85||36.5||May 15, 2014|
|2012||3,898.14||3,266.80||1.76||0.50||33.8||May 17, 2013|
* 1) The dividend payout ratio in 2012-2014 calculated from the Company’s net profits. In 2015, the dividend payout ratio calculated from the consolidated net profit as mentioned above.
**2) The Board of Directors approving the interim dividend payment instead of annual dividend payment as proposed to the shareholders’ meeting for approval was to reduce the impact that may have on the shareholders from the indefinite postponement of the 2020 Annual General Meeting of Shareholders. With the interim dividend payment at the rate of Baht 0.98 per share combined with the interim dividend payment for the first half of 2019 as approved by the Board of Directors on August 8, 2019 at the rate of Baht 0.62 per share, the total dividend will be at the rate of Baht 1.60 per share. The dividend payment is from the Company’s total profit of 2019 and the Board of Directors will not propose any dividend payment for 2019 again.