Dividend Policy and Payment
Dividend payments to shareholders shall be paid in the amount not less than 30% of the net profit of KEX’s separate financial statements after the deduction of corporate income tax, and other legal reserves as annually prescribed by relevant laws and KEX. The amount of dividend paid must not exceed the retained earnings of the separate financial statements.
The Board of Directors may specify dividend payments and dividend pay-out ratios that differ from the specified ratio depending upon KEX’s operating performance, financial position, cash flows, working capital, investment plans and business expansion, market conditions, debt obligation, conditions and limitations as prescribed in borrowing contracts, as well as necessities and other related factors considered and deemed appropriate by the Board of Directors. Such dividend payments shall not have a significant impact on the normal operations of KEX.
The annual dividend payments must be approved at the Shareholders’ Meeting. However, the Board of Directors has the authority to approve an interim dividend payment on a periodical basis as deemed appropriate and shall report such payments to the shareholders at the next Shareholders’ Meeting.
The dividend payments of KEX’s subsidiaries shall be approved by the Board of Directors or at the Shareholders’ Meeting of specific subsidiary. In this regard, the dividend payments shall be made in the amount of not less than 30% of the net profit of the separate financial statements of the specific subsidiary after the deduction of corporate income tax, and other legal reserves as yearly prescribed by relevant laws and KEX. The amount of dividends paid must not exceed the retained earnings of the separate financial statements of the specific subsidiary.
|Date of Board resolution||Ex-dividend date||Payment date||Dividend per share (THB per share)||Paid from||Type of dividend|
|0.743||Retained earnings||Cash dividend payment|
|0.22||1 Jul - 31 Dec 2020||Cash dividend payment|