SCGP’s Dividend Policy
SCGP will consider paying dividends in line with legal requirements under the Public Limited Companies Act, B.E. 2535 (1992) and its amendments, which states that a public limited company will be able to pay dividends if there is no accumulated loss shown on its separate financial statements.
SCGP’s policy is to pay dividends of not less than 20% of the net profit according to the consolidated financial statements, after deducting corporate income tax and legal reserves as required by law and the Company for each year. The dividend payment rates may vary depending on the operating results, financial structure, financial position, liquidity, additional investment needs, investment plans, business expansion, cash reserves for working capital or loan repayments, including the conditions and limitations as stipulated in any loan agreements, and other factors related to the Company’s management.
The dividend payment must not exceed the profit stated on the separate financial statements, according to the guidelines of the Department of Business Development.
Dividend Policy for Subsidiaries
The dividend policy for subsidiaries must be considered and approved by the Board of Directors every year. The exception is for interim dividend payments, which the Board of Directors of the subsidiary can approve from time to time if the Board believes that the subsidiary has sufficient profits to do so under the legal framework of the country in which the subsidiary or associated company is located. In addition, the Board of Directors of the subsidiary must report the decision at the next shareholders’ meeting of the subsidiary. When considering the dividend payment, the Board of Directors of the subsidiary needs to consider various factors, mainly for the shareholders’ benefit. These factors include operating results, financial structure and financial position, liquidity, additional investment needs, investment plans, business expansion, provision for repayment of borrowings or working capital within subsidiaries, the conditions and limitations stipulated in any loan agreement, and other factors involved in the management of the subsidiary, determined by the Board of Directors and/or the shareholders of the subsidiary company, as appropriate.
SCGP’s guidelines for subsidiaries to make regular dividend payments state that the main subsidiary must have a dividend payout ratio of 20% to 100% of its net profit. However, the dividend payment of the main subsidiary depends on factors such as operating results, financial structure and financial position, legal reserves, and agreements between shareholders.
|Board Date||X-Date||Dividend Type||Payment Date||Dividend (Per Share)||Operation Period|
|25/01/22||05/04/22||Cash Dividend||25/04/22||0.40||01/01/21 - 31/12/21|
|27/07/21||09/08/21||Cash Dividend||25/08/21||0.25||01/01/21 - 30/06/21|
|26/01/21||07/04/21||Cash Dividend||22/04/21||0.45||01/01/20 - 31/12/20|