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)

2009/2010 2010/2011 2011*
(6 months)
2012 2013 2014 2015 For the six-month
period ended
30 June 2016
Dividend per share 4.75 5.00 2.50 5.50 5.75 0.60 0.63 0.33***
Earnings (loss) per share
(The Consolidated financial statements)
16.82 8.54 4.32 12.51 28.90 1.19 1.36 0.84
Par value 10 10 10 10 10 1** 1 1

Remark:

* The Company changed the accounting period from the period starting from 1 July to 30 June to the period starting from 1 January to 31 December according to a resolution of the Ordinary General Shareholders’ Meeting on 31 October 2011, starting from the period ended 31 December 2011 onward.

** 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 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 a interim dividend payment for the six-month period ended 30 June 2016 amounting to Baht 0.33 per share and the dividend will be paid 4 November 2016.