DIVIDEND POLICY AND PAYMENT
1. Company Dividend Policy
The company has a policy to pay dividends to shareholders of not less than 40% of its net profit after tax, legal reserve and retained loss (if any). Before each dividend payment, the company considers its performance, financial position, liquidity, future business plans, terms and conditions of loan agreements, as well as other factors related to its operations with a view to maximizing shareholder benefits. Dividend payments are approved by the Board of Directors and/or a resolution of the shareholders’ meeting in accordance with the company's Articles of Association. The company’s dividend history is as follows:
Article No. 43 of the company’s Articles of Association states that “Payment of dividends from monies other than profit is prohibited, and in the case of the company incurring accumulated losses, no dividend shall be paid. Dividends shall be divided and paid equally for each share and shall be approved by the shareholders’ meeting. The Board of Directors may pay interim dividends to shareholders from time to time after considering whether the company has sufficient profit to do so, and following dividend payments, the Board of Directors shall report such payments at the next shareholders' meeting”.
| COMPANY DIVIDEND POLICY | 2020 | 2021 | 2022 |
|---|---|---|---|
| Profit attributable to equity holders of the company (Million Baht) | 1,421.39 | 1,554.49 | -613.28 |
| Dividend (Million Baht) | 551.89 | 1702.43 | 0 |
| Number of weighted average shares (Million Baht) | 935.40 | 935.40 | 935.40 |
| Earnings per share (Million Baht) | 1.52 | 1.76 | -0.67 |
| Dividend per Share(Million Baht) | 0.59 | 0.75 | 1.07 |
| Dividend payout ratio (Million Baht) | 38.83 | 45.13 | -160.79 |
2. Subsidiary Dividend Policy
Each subsidiary has a policy to pay dividends to its shareholders at 100% of net profit after legal reserve and retained loss (if any) on interim financial statements. Before each dividend payment, each subsidiary considers its performance, financial position, liquidity, future business plans, terms and conditions of loan agreements, as well as other factors related to its operations with a view to maximizing shareholder benefits. Dividend payments are approved by the shareholders’ meeting in accordance with the Articles of Association of each subsidiary.
