SCB has a policy for payment of dividend at the rate of not less than 30% of its net profit based on the consolidated financial statements, after taking into account of the long-term return to shareholders. The dividend will be paid in any year that SCB earns profit after appropriation of legal reserve and other required reserves and has no accumulated loss, including being able to sufficiently maintain appropriate capital funds in accordance with the law after the payment of dividends.
Within 1 month after it is resolved by the general shareholders meeting or the board of directors meeting, as the case may be.
SCB will consider paying interim dividends as it deems appropriate.
The dividend paid for preferred shares and ordinary shares during the past 5 years can be checked through the history of dividend payments at http://www.scb.co.th > About SCB > Investor Relations > Stock Information > Dividend History.
SCB will make payment of dividend to the shareholders by 2 methods: (i) by transferring to shareholders' designated bank accounts, or (ii) by cashier cheques.
The transfer of dividend to shareholders’ designated bank accounts via electronic network or so called the "System for Managing Automated Retail Funds Transfer (SMART)", or so-call ‘e-Dividend service’, will reduce problems on undeliverable cheques of dividend payment to shareholders and will enhance SCB’s capability in making dividend payments. The shareholders will also receive benefits as follows:
SCB is currently subject to 30% corporate income tax rate. Therefore, with such rate of corporate income tax, the individual shareholders receiving dividends are basically entitled to tax credit at the rate of 3/7.
The annual general meeting of shareholders will be held within 4 months from the end of each accounting year of SCB (that is, 31 December of every year).
Shareholders can obtain the documents by contacting the Shareholder Services Unit, Board Secretariat and Shareholder Services Office, located at SCB, No. 9 Rutchadapisek Road, Jatujak Sub-district, Jatujak District, Bangkok 10900, Tel: +66 2 544-4217-8, or by downloading from website: http://www.scb.co.th > About SCB > Investor Relations > Shareholders Meeting.
There are 2 types of SCB’s shares, i.e. ordinary shares and preferred shares. Those ordinary shares and preferred shares are listed for trading on both the main board and the foreign board of the SET. The following are stock symbols for each type of securities:
|Type of Securities
|SCB||SCB9||SCB TB||SCB-F||SCB8||SCB/F TB|
||SCB-P||SCP0||SCB/P TB||SCB-Q||SCBP8||QCB/Q TB|
As the preferential rights of SCB’s preferred shares had expired since 10 May 2009, at present, the holders of preferred shares are no longer entitled to any preferential rights, and can only enjoy the same rights as those of the holders of ordinary shares.
The status of those preferred shares still remain unchanged until the holder of such preferred shares submits a request for conversion of preferred shares into ordinary shares. However, trading liquidity of preferred shares on the SET is relatively low and will continue decreasing since the holders of preferred shares have continually exercised their rights for conversion of preferred shares into ordinary shares and, accordingly it would be difficult for the remaining holders of preferred shares to sell their shares.
The preferred shares can be converted into ordinary shares on a quarterly basis as follows:
1. For the exercise date on 31 March, the application must be submitted
|Conversion Ratio:||One preferred share for one ordinary share|
|Place for Exercise:||1. TSD, or
2. Securities companies being securities brokerage (so-called, Broker).
Within 30 days after the relevant exercise date. The shareholders can inspect by the following 2 methods:
You can buy or sell SCB’s shares listed on the SET by opening an account with any brokerage company (Broker) which is a member of the SET, such as SCB Securities Co., Ltd. (SCBS), No. 19 SCB Park Plaza Building 3, and No. 101 RCP Building, G Floor, Ratchadapisek Road, Jatujak Sub-district, Jatujak District, Bangkok 10900, Tel: +66 2 949-1000, Website: http://www.scbs.com.
Thailand Securities Depository Company Limited (“TSD”), located at No. 62 The Stock Exchange of Thailand Building, Ratchadapisek Road, Klongtoey District, Bangkok 10110, Tel: +66 2 229-2888, Fax: +66 2 359-1662, Website: http://www.tsd.co.th.
The holders of preferred shares and ordinary shares can contact TSD for the following share register services:
TSD, which is located at 62 The Stock Exchange of Thailand Building, 4th & 7th Floors, Ratchadapisek Road, Klongtoey District, Bangkok 10110, Tel: +66 2 229-2888, or at website: http://www.tsd.co.th.
The current foreign shareholding limit for SCB’s shares is 45.81% of the total issued and outstanding shares (both ordinary and preferred shares). If the investors would like to know the latest foreign shareholding ratio in SCB, the investors can contact SCB’s share registrar, or TSD, at Tel: +66 2 229-2888.
SCB’s accounting period commences on 1st January and ends on 31st December of every year.
Prior to each annual general shareholders meeting, the shareholders will receive the annual report (in CD format) containing the annual audited financial statements and a summary of financial statements together with the notice of the general shareholders meeting. In addition, the shareholders can also contact and ask for a hard copy of the annual report from Investor Relations Division, Tel: +66 2 544-4206, +66 2 544-4269, E-mail: email@example.com.
The summary of the statement of assets and liabilities (or C.B. 1.1) and the quarterly financial statements are available for downloading at http://www.scb.co.th or the SET's website http://www.set.or.th.