SCB X Public Company Limited (SET: SCB) has announced a dividend payout for its operations in 2023.
As the interim dividend of Baht 1.50 per share amounting to Baht 5,051 million was distributed to the shareholders on 3 November 2022, the shareholders will then be paid the remaining dividend of Baht 5.19 per share amounting to approximately Baht 17,477 million on 3 May 2023 with an ex-dividend date on 17 April 2023. This brings SCB’s dividend yield to 6.59%
In addition, the Board approved the allocation of remaining profit for the operational results of the year 2022 after the dividend payment to Common Equity Tier 1 (CET1) under Tier 1 capital, amounting Baht 15,018 million, resulting the company’s total capital, as of 31 March 2023 (by estimation), equivalent to Baht 449,925 million, representing 19.51 percent of the total risk-weighted assets, while the CET1 capital equivalent to Baht 423,305 million, representing 18.35 percent of the total risk-weighted assets.
Arthid Nanthawithaya, Chief Executive Officer of SCB, said after the report of SCB’s 2022 earnings results on 20 January 2023 that in 2022, SCB has completed the restructuring efforts under the ‘Mothership’ strategy and the company “is ready to move towards our goal to become a technology company with steady growth. In the next 1-2 years, we will emphasize leapfrogging of digital-lending businesses, following preparations of talents and business strategies.”
For SCB Bank, Mr. Arthid stated that SCB will continue to proceed with the ‘Be a Better Bank’ strategy, to achieve quality growth at a lower cost base. “Our technology and digital asset businesses will adopt a prudent investment approach, taking into consideration market conditions,” he added.
Regarding financial performance in 2022, SCB continued its growth momentum and maintained financial stability by adopting appropriate risk management under extreme volatility in the capital market.
“Looking forward, we believe SCBX and its portfolio companies can enjoy significant growth potential thanks to the ‘Mothership’ strategy and overall business recovery,” according to Mr. Arthid.
