Dividend payment policy
The Company has a policy to distribute dividends to shareholders at a rate of not less than 50% of the net profit according to the financial statements of the Company's business operations, after deducting taxes and various reserves as required by law and regulations of the Company each year. However, this must not result in accumulated losses for shareholders according to the financial statements of the Company's business operations.
However, the Company may determine that the dividend payment rate differs from the rate specified above, depending on operational performance, financial status, cash flow, the necessity of using working capital in operations, investment plans and business expansion, debt obligations, loan agreement terms and conditions, and other relevant factors in the Company's management. Such decisions must be deemed appropriate by the Company's Board of Directors, and dividend payments should not significantly impact the Company's normal operations. Moreover, these actions must maximize benefits for shareholders and comply with relevant laws, regulations, standards, or announcements. Additionally, annual dividend payments must be approved at the shareholders' meeting, unless interim dividends are declared, in which case the Board of Directors has the authority to approve interim dividend payments as appropriate and report such payments at the next shareholders' meeting.
Dividend payment record
| Detail | Approval date | Dividend payment date | Dividend payout ratio (Baht/share) | Amount (Thousand Baht) |
|---|---|---|---|---|
| Annual dividend 2020 | - | - | - | - |
| Annual dividend 2021 | April 20, 2022 | May 12, 2022 | 0.18 | 441,000 |
| Annual dividend 2022 | April 20, 2023 | May 12, 2023 | 0.11 | 359,693 |
