Shares of Srisawad Corporation Public Company Limited (SET: SAWAD) climbed 2.56% to close the Wednesday morning session at THB30.00, as investors responded to the company’s announcement of an interim dividend payment of THB0.35 per share.
This payout reflects a 23% payout ratio and offers a 1.2% dividend yield, with the ex-dividend date set for October 6.
Finansia Syrus Securities expressed a mildly positive view on SAWAD’s growing emphasis on capital management, particularly the decision to distribute cash dividends instead of stock dividends, according to the broker. However, the firm maintained a ‘Hold’ rating on SAWAD, setting a target price at THB25.50. The brokerage noted that the outlook for a clearer improvement in net interest margin (NIM) remains uncertain.
