Bangkok--10 Mar--SET
Half of the listed firms on The Stock Exchange of Thailand (SET) and market for Alternative Investment (mai) have announced dividend payments for 2008. Their total payment for 2008 will be THB186,764 million (approx. USD5.15 billion), or 56% of total net profits. SET dividend yield is at 6.65%. The three industry groups yielding the highest dividends are Industrials, Property and Construction, and Service. Dividends for mai-listed firms for 2008 will be THB1,039 million (approx. USD28.66 million), or 47% of total net profits. The mai dividend yield is at 6.88%. The companies on mai with the highest dividend yields are Steel Intertech PCL (STEEL), Unique Mining Services PCL (UMS) and Pico (Thailand) PCL (PICO).
As of March 2, two hundred and seventy-two firms, or 52% of the 521 listed companies on SET and mai, excluding those in the Non-Compliance (NC) and Non-Performing Group (NPG) groups, had announced dividend payments, said SET President Patareeya Benjapolchai.
Two hundred and forty SET-listed firms announced a combined dividend payment of THB185,725 million. Their average dividend yield is 6.65%.
Details of the three highest-yielding industry groups (dividend as a percentage of the security’s current market price) are:
Industrials, with an average dividend yield of 12.65%, is led by these sectors: - Industrial materials and machinery (14.41%)
- Petrochemicals and chemicals (13.43%)
Property and Construction, with an average dividend yield of 8.09%, is led by these sectors: - Property funds (9.67%)
- Construction materials (7.85%)
Service, with an average dividend yield of 7.36%, is led by these sectors:
- Transportation and logistics (16.95%) - Commerce (6.51%)
“Thirty-two mai-listed firms announced a combined dividend payment of THB 1,039 million, accounting for 47% of total net profits, with an impressive average dividend yield of 6.88%. The mai listings with the highest yields firms are Steel Intertech PCL (18.12%), Unique Mining Services PCL (15.23%) and Pico (Thailand) PCL (15.20%),” said Ms. Patareeya.
In terms of dividend amounts, the five industry groups on SET paying the largest sums are, in descending order: Resources, Technology, Financials, Property and Construction, and Service.
The Resources group will pay total dividends of THB 65,768 million. The leader, PTT PCL (PTT), will pay THB 22,562.43 million, or THB 8.00 per share, representing a yield of 5.29%.
The Technology group will pay THB 30,112 million, with Advance Info Service PCL (ADVANC) delivering the largest amount at THB 18,658.96 million, or THB 6.30 per share. ADVANC’s yield is 7.73%.
The Financials group is the third highest, with THB 24,122 million. Bangkok Bank PCL (BBL) will pay the most at THB 5,726.53 million, or THB 3.00 per share, representing a 4.26% yield.
The Property and Construction group is the fourth highest, at THB 23,528 million. Siam Cement PCL (SCC) leads the others at THB 9,000 million, or THB 7.50 per share. SCC’s yield is 7.58%.
The Service group will pay the fifth highest amount at THB 21,482 million. Airports of Thailand PCL (AOT) will pay the most at THB 3,685.71 million, or THB 2.58 per share, a 17.09% yield.
The other listed companies are expected to announce their decisions soon. For more information, please visit the SET website at www.set.or.th and at www.mai.or.th.
For more information, please contact Public Relations Unit, the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792