The company has the policy to pay dividends to shareholders at a rate of not more than 30 percent of the net profit from the separate financial statements after deduction of corporate income tax and after the allocation of various reserves in all types as stipulated in the laws and regulations of the company.
Company's Dividend Policy
The company has the policy to pay dividends to shareholders at a rate of not less than 30% of the net profit from the separate financial statements after corporate income tax deduction and the allocation of various reserves in all types as stipulated in the laws and regulations of the company. The company will consider the dividend payment by taking into account various factors to create the most benefit to the shareholders as the priority. Additionally, the dividend payment shall not affect the general operations of the company. However, the dividend payment is subject to change, depending on the company’s performance, financial status, financial liquidity, investment plan, cash flow, the need for working capital for business management, business expansion, economic conditions, and other factors in which the board of directors deems appropriate.
Besides the aforementioned, the annual dividend payment must be approved by the shareholders' meeting, except in the case of interim dividend payment. The board of directors has the authority to approve the operation when the company has reasonable profits enough to pay dividends without affecting the operations of the company and report to the shareholders for their acknowledgment in the next meeting.
The Board of Directors Meeting No. 1/2020 (Public) held on June 2nd, 2020 resolved to approve the interim dividend payment from retained earnings as of March 31st, 2020, totaling 44.80 million baht or equivalent to a dividend payment of 0.14 baht per share. The company had already paid such an amount of dividend within July 1st, 2020.
The Board of Directors Meeting No. 2/2020 (Public) held on August 7th, 2020, resolved to approve the interim dividend payment from retained earnings as of June 30th, 2020, totaling 35.20 million baht or equivalent to the share dividend payment rate of 0.11 baht per share. The company was scheduled to pay dividends within September 4th, 2020. However, the shareholders who have recently purchased the newly issued ordinary shares for the initial public offering will not receive such dividends.
Dividend Policy of Subsidiaries
The company does not have any subsidiaries at present. If the company establishes a subsidiary in the future, subsidiaries’ dividend payments are under consideration and approval of the board of directors and/or the shareholders' meeting of each subsidiary which must take into account the operating results, financial status, financial liquidity, investment plans, cash flows, the need for working capital for business management and business expansion, economic conditions, and other factors as required by the board of directors of each subsidiary deems appropriate.
In this regard, to make the dividend payment of the subsidiary company in accordance with the good corporate governance, with transparency, and with the ability for validity check when the subsidiary pays dividends, the company's representative who is a director in each subsidiary will report to the board of directors' meeting in the next meeting.
| Board Date | X-Date | Payment Date | Dividend Type | Dividend (per Share) | Unit | Operation Period |
|---|---|---|---|---|---|---|
| 25 Feb 2022 | 11 Mar 2022 | 17 May 2022 | Cash Dividend | 0.1015 | Baht | 01 Jan 2021 - 31 Dec 2021 |
| 22 Feb 2021 | 10 Mar 2021 | 25 May 2021 | Cash Dividend | 0.0711 | Baht | 01 Jan 2020 - 31 Dec 2020 |