SCB ANNOUNCED A FINAL DIVIDEND FOR 2020 OF BAHT 2.30 PER SHARE

 

Bangkok: At the Board meeting No. 2/2021 on February 18, 2021, SCB’s Board of Directors resolved to pay a final dividend of Baht 2.30 per share from 2020 operating results and seek shareholder approval at the Annual General Meeting (AGM) of shareholders on April 8, 2021. In this connection, the record date will be set on April 21, 2021 to determine the list of shareholders entitled to receive this dividend and the dividend payment will be made on May 7, 2021.

 

The total dividend payment this time will be Baht 7,818 million or a dividend payout ratio of 28.1% of 2020 net profit on a bank-only basis. This is the maximum dividend payment permitted by the Bank of Thailand according to the circular No. BOT.RPD.(23)C. 1236/2563 Re: Dividend Distribution Policies to Strengthen Capital during the Coronavirus Pandemic, in which banks are allowed to pay dividends for 2020 in the amount that do not exceed 2019 dividend payout ratio and are no more than 50% of the 2020 net profit. Moreover, calculation of a dividend payout ratio must use the net profit on a bank-only basis.

 

For 2019, the Bank’s dividend payment was Baht 6.25 per share which amounted to Baht 21,245 million or a payout ratio of 28.1% based on the net profit on a bank-only basis or 52.5% of the net profit on a consolidated basis.

 

Attached table:

 

2020

(proposed)

2019

 

2018 

 

1.    Net profit (in million Baht)

1.1   Bank-only basis

1.2   Consolidated basis

 

27,775

27,218

 

75,450

40,436

 

33,475

40,068

2. Dividend per share (Baht per share)

2.30

6.25*

5.50

3. Total dividend payment (in million Baht)

7,818

21,245

18,696

4. Dividend payout ratio

4.1 % of net profit on a bank-only basis               

4.2 % of net profit on a consolidated basis

 

28.1

28.7

 

28.1*

52.5*

 

55.8

46.7

 

* Including a special dividend of Baht 0.75 per share