Dividend Policy and Payment
Historical Dividend and Policy
Dividend Policy
The Company formulates the policy for considering the annual dividend payment to its shareholders twice a year at total rate not less than 50% of net profit of the Company’s consolidated financial statements after deduction of annual corporate income tax and legal capital reserves. The Company’s establishment objective is to mainly invest in other companies. In dividend payment of the Company, it shall be subject to dividend payment policy of the subsidiary companies and/or associated companies which are invested by the Company, apart from being subject to the operating result of the companies which are invested by the Company. At present, the Company has invested in two subsidiary companies consisting of Pruksa Real Estate Public Company Limited (“Pruksa”) and Vimut Hospital Holding Company Limited. As Vimut Hospital Holding Company Limited has been in the period of investment in hospital business and has not yet earned revenue, the Company’s ability to pay dividend shall be subject to dividend payment policy of Pruksa Real Estate Public Company Limited, investment plan, condition and limitation as prescribed in the relevant contracts (if any), necessity and appropriateness, as well as factors in other areas as deemed appropriate by the Board of Directors. In keeping with business growth plan of the Company, the said dividend payment shall not exceed retained earnings appeared in the separate financial statements of the Company and according to the relevant laws.
Dividends at the Company Paid to shareholders as follows:
| Performance Year | Consolidated Net Profit (Bt m) | Consolidated Net Profit Attributable to Owners of the Parent (Bt m) | Earnings per Share (Bt) | Dividend per Share (Bt) | Dividend Payout Ratio (%) | Dividend Payment Date |
|---|---|---|---|---|---|---|
| 2023 | 2,339.42 | 2,205.24 | 1.01 | 0.96 (1) | 95 | May 24, 2024 |
| Interim Dividend 2023 | 1,730.52 | 1,690.33 | 0.77 | 0.31 | 40 | Sep 8, 2023 |
| 2022 | 2,834.86 | 2,772.33 | 1.27 | 0.96 (2) | 76 | May 19, 2023 |
| Interim Dividend 2022 | 1,002.21 | 981.56 | 0.45 | 0.31 | 69 | Sep 9, 2022 |
| 2021 | 2,403.32 | 2,352.64 | 1.07 | 0.96 (3) | 89 | May 20, 2022 |
| Interim Dividend 2021 | 1,054.98 | 1,033.61 | 0.47 | 0.31 | 66 | Sep 10, 2021 |
| 2020 | 2,826.75 | 2,770.63 | 1.27 | 0.96 (4) | 76 | May 21, 2021 |
| Interim Dividend 2020 | 1,365.53 | 1,338.71 | 0.61 | 0.31 | 51 | Sep 8, 2020 |
| 2019 | 5,459.05 | 5,358.81 | 2.45 | 1.55 (5) | 63 | May 8, 2020 |
| Interim Dividend 2019 | 2,667.19 | 2,618.16 | 1.20 | 0.60 | 50 | Sep 6, 2019 |
| 2018 | 6,130.78 | 6,022.37 | 2.75 | 1.55 (6) | 56 | May 22, 2019 |
| Interim Dividend 2018 | 2,469.60 | 2,425.78 | 1.11 | 0.55 | 50 | Sep 7, 2018 |
| 2017 | 5,574.13 | 5,456.42 | 2.50 | 2.09 | 84 | May 23, 2018 |
(1) At the Board of Directors' meeting on February 16, 2024, the Board of Directors resolved to approve the payment of dividends at the rate of Bt0.96 per share, totaling Bt2,101 m. The Company paid interim dividends on September 8, 2023 at the rate of Bt0.31 per share, resulting in the remaining dividend payment at the rate of Bt0.65 per share, totaling Bt1,423 m. The aforementioned dividend is subject to the approval from the Annual General Meeting of shareholders of the Company which will be held on April 26, 2024.
(2) In 2022, the Company paid interim dividend of Bt0.31 per share and dividend of Bt0.96 per share for total year of 2022.
(3) In 2021, the Company paid interim dividend of Bt0.31 per share and dividend of Bt0.96 per share for total year of 2021.
(4) In 2020, the Company paid interim dividend of Bt0.31 per share and dividend of Bt0.96 per share for total year of 2020.
(5) In 2019, the Company paid interim dividend of Bt0.60 per share and dividend of Bt1.55 per share for total year 2019.
(6) In 2018, the Company paid interim dividend of Bt0.55 per share and dividend of Bt1.55 per share for total year 2018.