Bangkok--13 Mar--SET
Listed companies on The Stock Exchange of Thailand (SET) have announced their dividend payments for 2006. Two hundred and twenty-five, or 48.70% of all listed firms [excluding those in Non-Compliance (NC) and Non-Performing (NPG) groups
], declared dividend payments collectively worth THB 170.45 billion. This constitutes a 10.37% year-on-year rise. Meanwhile average dividend yield was 4.40% increasing 10% y-o-y. The top five industry groups yielding the highest dividends are Technology, Industrials, Property and Construction, Consumer Products and Resources.
As of March 1, 2007, two hundred and twenty-five, or 48.70% of 462 listed firms [excluding those in NC and NPG groups, and Market for Alternative Investment
], announced dividend payments the total dividend payment from 2006 was THB 178,450 million (approx. USD 5.03 billion), a 10.37% increase on THB 161,680 million paid from 2005 performance. In terms of dividend yield, the average (4.40%) increased 10.00% on the 4.00% for 2005, Ms. Patareeya Benjapolchai, SET President declared.
Details of the five highest yielding industry groups (percentage of dividend to the security’s current market price) are:
1. Technology, with an average dividend yield of 8.18%, is led by the:
- Information and communication technology sector (8.21%) and the
- Electronic components sector (7.99%)
2. Industrials, with an average dividend yield of 5.81%, is led by the:
- Industrial materials and machinery sector (10.23%) and the
- Packaging sector (6.31%)
3. Property and Construction, with an average dividend yield of 5.01%, is led by the:
- Construction materials sector (5.84%) and the
- Property development sector (3.55%)
4. Consumer Products, with an average dividend yield of 4.84%, is led by the:
- Home and office products sector (7.70%) and the
- Fashion sector (4.25%)
5. Resources, with an average dividend yield of 4.36%, is led by the:
- Mining sector (12.76%) and the
- Energy and utilities sector (4.30%)
In terms of dividend amount, the five industry groups paying the largest sums are Resources, Property and Construction, Technology, Financials and Services.
The Resources group will pay total dividends of THB 62,536 million, the largest from any group in 2006. PTT PCL (PTT) will pay dividends of THB 29,413 million, or THB 10.50 per share. This represents a 5.04% dividend yield.
The Property and Construction group will pay out THB 31,934 million, with The Siam Cement PCL (SCC) delivering the biggest, at THB 18,000 million, or THB 15.00 per share. Its dividend yield is 6.47%.
The Technology group is the third highest dividend payer, with THB 31,236 billion. Advanced Info Service PCL (ADVANC) will pay the most, at THB 18,607 million, or THB 6.30 per share, representing a 8.63% dividend yield.
The Financials group is the fourth highest at THB 18,860 billion. Kasikornbank PCL (KBANK) leads the others at THB 4,174 million, or THB 1.75 per share. Its dividend yield is 2.73%.
The Services group will pay out the fifth highest amount at THB 14,709 billion. Airports of Thailand PCL (AOT) will pay the most, at THB 2,571 million, or THB 2.75 per share, representing a 2.98% dividend yield.
A number of listed companies are still in the process of considering dividend payments and are expected to announce their decisions soon. For more information, please visit the SET website at www.set.or.th and SETTRADE.Com’s website at www.settrade.com