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Dividend Policy

Dividend payment information 2022

The Company has a policy to pay dividend at least 30% of its net profit after deduction of corporate income tax and legal reserve. However, the dividend payment may differ from the mentioned rate subject to result of the operation, financial position, liquidity of the Company and necessary of working capital usage to manage and expand the Company’s business including economic condition.

The comparison of the amounts of dividend payment for previous years and this year is provided below:

List 2020 2021 2022
Net Profit (Million Baht) 188.38 215.65 236.52
Number of ordinary shares (Million Shares) 608 608 608
Total Cash Dividend payment for the year (Million Baht) 182.40 200.64 218.88
Total Cash Dividend payment for the year (Baht per share) 0.30 0.33 0.36
1H2020 Net Profit (Million Baht) Net Profit (Million Baht) 90.41 101.28 129.22
Interim Dividend Payment (Baht per share) 0.13 0.15 0.17
Total Interim Dividend Payment (Million Baht) 79.04 91.20 103.36
Cash Dividend payment per ordinary share (Baht per share) 0.17 0.18 0.19
Dividend payment for the year (Million Baht) 103.36 109.44 115.52
Dividend payout ratio (%) 96.83% 93.05% 92.54%

Remarks:

  • In 2020, during the Board of Directors meeting no. 3/2020 on March 25, 2020, the approval was given for an interim dividend payment of 0.13 Baht per share, totalling a dividend of 85.12 million Baht.
  • In 2021, at the Board of Directors meeting no. 4/2021 on August 13, 2021, the approval was given for the second interim dividend payment of 0.15 Baht per share, totalling a dividend of 91.21 million Baht.
  • In 2012, during the Board of Directors meeting no. 3/2019 on August 11, 2012, the approval was given for an interim dividend payment of 0.17 Baht per share, totalling a dividend of 103.36 million Baht.

The consideration for the approval of dividend payment for the year 2022 aligns with the Company’s established dividend payment policies.