Dividend History and Policy
According to strong business growth with rigid financial status of the Company, plus with higher of dividend payment policy of peers in the same industry than the Company did, by approved the Company's dividend payment policy of making annual dividend payment to its shareholders at a rate of not less than 30.0% of the Company's net profit after deduction of all legal reserves, the Company's Board of Directors' Meeting No. 1/2016 on January 22, 2016 has approved of the amendment to the Company's dividend payment policy to benefit to the Company's shareholders and investors, effective since performance of 2015 onwards.
"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 of operation, 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".
|Performance year||Consol. Net Profit
|Company's Net Profit
|Earning per share
|Payout Ratio from
ratio from separate
|2015||7,670.28||7,680.36||3.44||1.75||50.8||May 18, 2016|
|2014||6,654.52||4,925.87||2.99||45.3||1.00||May 15, 2015|
|2013||5,801.82||5,175.03||2.61||32.6||0.85||May 15, 2014|
|2012||3,898.00||3,266.80||1.76||33.8||0.50||May 17, 2013|
|2011||2,834.82||2,844.30||1.28||31.0||0.40||May 17, 2012|
* The dividend payout ratio in 2011-2014 calculated from the Company's net profits. In 2015, the dividend payout ratio calculated from the consolidated net profit as mentioned above. Dividend payment of 1.75 baht per share calculated from the consolidated financial statement of 2015 is subject to approval in AGM of the Shareholders of the Company, planned for April 28, 2016. The interim dividend payment had been paid at 0.50 baht per share, remaining of 1.25 baht per share.