MBK Group

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Dividend Policy and History

 

MBK has a dividend policy with the calculation of the dividend based on "the consolidated financial statements". In this connection, each dividend payment also has to take into account the retained earnings in "the separate financial statements". This is in compliance with the Public Limited Company Act which stipulates that no dividend shall be paid out of funds other than profit and in the case where the company still sustains an accumulated loss, no dividend shall be paid.

As regard the dividend payout ratio, unless there is any unexpected event, it is the Company’s policy that the net dividend per share for the current period will not be less than the previous period. The objective is to ensure the reliability in receiving dividends for the shareholders who hold the shares of the Company on a long term, with the shares being considered as Dividend Stock.

Details about the Company's Dividend Payment in the Past

(Baht per Share)

2012 2013 2014 2015 2016**
Dividend per share 5.50 5.75 0.60 0.63 0.66***
Earnings (loss) per share
(The Consolidated financial statements)
12.51 28.90 1.19 1.36 1.54
Par value 10 10 1* 1 1

Remark:

* On 9 April 2014, the Annual General Meeting of the Company’s shareholders for the year 2014 passed a resolution to approve the changing of the par value of the Company’s shares from Baht 10 each to Baht 1 each. Therefore, the registered ordinary shares will be changed from 188,629,100 shares to 1,886,291,000 shares and the company has a paid-up share capital Baht 1,886,291,000 ordinary shares and the amount paid. On 22 April 2014, the company registered with the Ministry of Commerce.

** On 5 October 2016, a Board of Directors’ meeting passed a resolution to approve reduction of the treasury stock 178,331,000 shares by reducing its registered and issued and paid-up share capital from 1,886,291,000 shares at the par value of Baht 1 per share totalling Baht 1,886,291,000 to new shares of 1,707,960,000 shares at the par value of Baht 1 per share totalling Baht 1,707,960,000. The Company registered the reduction in authorised and paid-up share capital with the Ministry of Commerce on 13 October 2016.

*** On 26 April 2017 the General Meeting of Shareholders for the year 2017 approved a dividend distribution of retained earnings from 1 July 2016 until 31 December 2016, at the rate of Baht 0.33 per share, including the interim dividend for the first half year operations of 2016 at the rate of Baht 0.33 per share. The total 2016 dividend will be Baht 0.66 per share.