The share price of PTT Public Company Limited (SET: PTT) rose 1.5% to THB 33.50 per share following the announcement of an interim dividend payment that was higher than market anticipation.
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 per share.
