The Company’s dividend payment policy of making annual dividend payment to its shareholders twice a year at a rate of not less than 50.0% of the consolidated net profit after deduction of all legal reserves,however, are subject to change depending on the Company’s investment plan, necessities as well as other justifications and considerations that the Board of Directors deems appropriate. In respect of dividend payment policy by the subsidiaries, such subsidiaries will pay dividends to the Company from their net profits. The dividend payment is, however, subject to many factors such as their financial condition and results ofoperation, liquidity, business expansion and factors related to the operation of their business.

Moreover, dividends from net profits from the business with BOI privileges are exempted from income tax and the Company is not obligated to deduct withholding tax from such dividend payment.

The following are dividends that the Company paid to its shareholders as follow

Performance year Consolidated net profit (Bt m) Company’s Net Profit (Bt m) Earnings per share (Bt) Dividend per share (Bt) Dividend Payout Ratio from Separate FS*(%) Dividend Payment Date
2021 2,859.21 2,859.21 1.28 1.07* 83.6 May 13, 2022
Interim Dividend 2021 1,205.77 1,205.77 0.54 0.35 64.8 Sep 7, 2021
2020 3,165.76 3,165.76 1.42 1.07 75.4 May 14, 2021
Interim Dividend 2020 1,512.92 1,512.92 0.68 0.34 50.2 Sep 3, 2020
2019 5,654.50 5,654.50 2.53 1.60 63.2 Apr 30, 2020
Interim Dividend 2019 2,765.82 2,765.82 1.24 0.62 50.1 Sep 4, 2019
2018 6,115.81 6,115.81 2.74 1.65 60.2 May 15,2019
Interim Dividend 2018 2,472.25 2,472.25 1.11 0.55 49.7 Sep 5, 2018
2017 5,605.34 5,605.34 2.51 1.38 55.0 May 16, 2018
2016 6,107.67 6,107.67 2.74 2.10 76.8 May 19, 2017
2015 7,670.28 7,680.36 3.44 1.75 50.8 May 18, 2016
2014 6,653.84 6,654.52 2.99 1.00 45.3 May 15, 2015
2013 5,801.82 5,175.03 2.61 0.85 36.5 May 15, 2014
2012 3,898.14 3,266.80 1.76 0.50 33.8 May 17, 2013

Remark:

* 1) The dividend payout ratio in 2012-2014 calculated from the Company’s net profits. In 2015, the dividend payout ratio calculated from the consolidated net profit as mentioned above.

2) The Company paid interim dividend of Bt0.34 per share on 3 September 2020 and dividend of Bt1.07 per share for total year of 2020

* At the Board of Directors' meeting on 17 February 2022, the Board of Directors resolved to approve the payment of dividends at the rate of Bt1.07 per share, totaling Bt2,389 m. The Company paid interim dividends on 7 September 2021 at the rate of Bt0.35 per share, resulting in the remaining dividend payment at the rate of Bt0.72 per share, totaling 1,608 million baht. The aforementioned dividend is subject to the approval from the Annual General Meeting of shareholders of the Company which will be held on 22 April 2022