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TMBThanachart announced an interim dividend payment of 0.05 baht per share, totaling 4.8 billion baht, an increase of approximately 150% from the previous interim, reflecting the Bank’s post-merger strengths.
On September 26, 2023, TMBThanachart Bank Public Company Limited or TMBThanachart notified the Stock Exchange of Thailand that its Board of Directors’ Meeting has passed the resolution to approve an interim dividend payment from the first six-month operating results at 0.05 baht per share. The ex-dividend date (XD) will be on October 9, 2023, and the cash dividend payment will be made on October 25, 2023.
Mr. Piti Tantakasem mentioned “On the grounds of overall improvement in the first-half operating performance together with a robust capital level, the Bank has increased an interim dividend payment to 0.05 baht per share or equivalent to 4.8 billion baht in total, an increase of approximately 150% compared to an interim dividend payment of 0.02 baht per share or totaling 1.9 billion baht in the previous year.
Such an interim level represents a dividend payout ratio (DPR) at 55% of the six-month net profit, which is higher than an interim dividend payout ratio of 29% in the previous year, and this is one of the highest payout rates among banking stocks. In addition, this reflects the Bank’s commitment to generate quality growth to increase shareholders’ value through the consistent dividend stream as well as positive share price performance, boosted by financial results that have been delivered as targeted.”
On a side note, TMBThanachart reported net profit of 8,861 million baht for the first half of 2023, an increase of 34% from the same period last year. Asset quality was well under control, with NPL ratio at 2.63%, lower than industry average. Capital level remained robust with high CAR ratio at 20% level.