PTT Public Company Limited (SET: PTT) has announced an interim dividend payment of THB 0.9 per share, surpassing last year’s interim payout of THB 0.8 per share and slightly exceeding market expectations, which forecasted a flat year-on-year dividend.
The interim dividend equates to a yield of 2.7% and represents a payout ratio of 57%, according to the company’s statement.
The stock will trade ex-dividend (XD) on October 1, with the payment scheduled for October 17.
Kasikorn Securities stated that the marginal increase in the interim payout signals the potential for a marginally higher second-half dividend in 2025 compared to THB 1.3 per share in the latter half of 2024. This could lift the full-year dividend yield from 6% to as much as 8%, underscoring PTT’s position as a leading dividend play.
Kasikorn Securities maintains its “Buy” rating on PTT, with a target price of THB 33.80.
