Dividend Information

The Company has a policy to propose to the shareholders' meeting to consider paying dividends of the Company to shareholders at the rate of not less than 50% of the net profit after tax and various reserves of the consolidated financial statements in each year, depending on the investment plan, necessity and other suitability in the future. Upon approval by the Board of Directors, the annual dividend payout is to be presented to the shareholder’s meeting for approval. As regards an interim dividend, the Board of Directors is authorized to pay it and then report the payout at the next shareholders’ meeting.

For the dividend policy of UV’s subsidiaries, the Board of Directors of each company will consider the dividend payment from the retain earnings and cash flow balance comparing to their investment budgets. Subject to the cash flow be enough after having the legal reserve, the Board of Director of each company will consider for dividend payment as appropriate subject to shareholders of each subsidiary approval.

The details of UV’s dividend payment for the previous 5 years as follows:
Description Result of Fiscal Year
2016
(Jan - Dec)
2017
(Jan - Sep 17)
2018
(Oct 17 - Sep 18)
2019*
(Oct 18 - Sep 19)
2020
(Oct 19 - Sep 20)
Dividend (Baht per share) 0.20 0.22 0.26 1.00 0.02
Net Profit attributable to the Company of Consolidated Financial Statements (million Baht) 1,075.69 838.44 1,005.64 1,597.12 62.47
Deduct : legal reserves and others (million Baht) (334.48) (35.00) (28.00) (118.00) -
Net profit attributable to the Company remaining for dividend payment (million Baht) 741.21 803.44 977.64 1,479.12 62.47
Dividend payment (million Baht) 382.39 420.62 497.10 1,911.93 38.24
Dividends payout ratio on net profit (%) 51.59 52.35 50.85 129.26 61.21

Remark:
* Calculated from the consolidated financial statements of the Company and subsidiaries for the operations from 1 October 2018 - 30 September 2019, including the performance of GOLD from 1 October 2018 - 31 July 2019 and the profits received from the sale of the shares of GOLD after deducting related expenses, tax and legal reserve

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