TMBThanachart Bank Public Company Limited or TMBThanachart (ttb) notified the Stock Exchange of Thailand that its Board of Directors' Meeting has passed the resolution to approve an interim dividend payment from the first six-month operating results at 0.05 baht per share. The ex-dividend date (XD) will be on October 9, 2023, and the cash dividend payment will be made on October 25, 2023.
Mr.Piti Tantakasem, CEO of TMBThanachart, mentioned "On the grounds of overall improvement in the first-half operating performance together with a robust capital level, the Bank has increased an interim dividend payment to 0.05 baht per share or equivalent to 4.8 billion baht in total, an increase of approximately 150% compared to an interim dividend payment of 0.02 baht per share or totaling 1.9 billion baht in the previous year.
Such an interim level represents a Dividend Payout Ratio (DPR) at 55% of the six-month net profit, which is higher than an interim Dividend Payout Ratio of 29% in the previous year, and this is one of the highest payout rates among banking stocks. In addition, this reflects the Bank's commitment to generate quality growth to increase shareholders' value through the consistent dividend stream as well as positive share price performance, boosted by financial results that have been delivered as targeted."
On a side note, TMBThanachart reported net profit of THB 8,861 million for the first half of 2023, an increase of 34% from the same period last year. Asset quality was well under control, with NPL ratio at 2.63%, lower than industry average. Capital level remained robust with high CAR ratio at 20% level.
TMBThanachart reported a net profit of THB 5,096 million for the 1st quarter of 2025, driven by efficient cost management
TMBThanachart will seek shareholders' approval for the dividend payout of 60% of 2024 net profit
TMBThanachart announced a 3-year share repurchase program worth up to 21,000 million baht
TMBThanachart reported the net profit of THB 5,230 million for the third quarter of 2024 and THB 15,919 million for the nine-month period
TMBThanachart announced an interim dividend of 0.065 baht per share
TMBThanachart reported net profit of THB 4,735 million in 3Q23, a 27% increase from the same period last year
TMBThanachart reported net profit of THB 4,566 million in 2Q23, a 33% increase year-over-year. For the first half of 2023, net profit was THB 8,861 million