1.1.6 Dividend Policy Dividend Policy of the Company Made to the Shareholders In considering dividend payments, the Company takes into consideration its performance and the long-term benefits to its shareholders. The dividend payments must also receive the approval at the shareholders’ meeting. However, the Board of Directors may pay an interim dividend to shareholders occasionally when it considers that the Company has an adequate profit and deems appropriate to make the payment. The Board of Directors is required to report the interim dividend payments to the shareholders at its next shareholders’ meeting. Dividend Payment in the Past 5 Years Dividend Payment Policy of Subsidiary Companies Made to the Company Each subsidiary company’s dividend payment policy is to pay a dividend when it has profit. In order to make the dividend payments, it has to take into account the excess cash for business operation, the capital adequacy for supporting the business, and legal reserve, depending on the business of each subsidiary company. Any subsidiary company may pay an interim dividend occasionally to the Company when it considers that it has an adequate profit and deems appropriate to make the payment. After making the interim dividend payment, it is required to report the dividend payments to the shareholders at its next shareholders’ meeting. Operating Performance 2020 2019 2018 2017 2016 Earnings per Share (Consolidated Financial Statements) (Baht) 6.26 9.43 6.74 6.01 5.16 Dividend per Share (Baht) 3.00 7.00 2.60 2.20 2.00 Dividend Payout Ratio from Net Profit Attributable to the Company 47.17 72.59 38.25 36.61 38.76 (Consolidated Financial Statements) (Percent) Notes: 1) Dividend payment of 2019 at the rate of 7.00 baht per share includes the special interim dividend of 4.00 baht per share paid on 16 January 2020. 2) The Company has paid the interim dividend of 2021 at the rate of 1.20 baht per share on 28 September 2021. 64
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