Minor International Public Company Limited (SET: MINT) announced on November 29, 2022, at the board of directors meeting No. 5/2022 on November 28, 2022, that the company has changed the dividend payment policy.
The existing policy of the company stated that the company has to take into consideration potential growth of the company’s performance, investment plans, business expansion and terms and conditions of loans and debentures. In this case, the company does not have a fixed dividend payout ratio, and therefore the dividend payment is considered based on their financial performance in each year.
However, the new policy of MINT stated that it will pay dividends of not less than 30% of the core net profit of the consolidated financial statements after deducting legal reserves and other reserves each year. Dividend payment shall be made by taking into consideration on relevant factors, e.g., the company’s performance, liquidity, investment plans, business expansion and financial covenants, and subject to declaration by the Board of Directors for the shareholders’ best interests.