Dividend policy
Vichitbhan Palmoil Public Company Limited has agreed
with the dividend payment policy at the minimum rate of
40 percent
from the net profit after taxes
and legal reserves of each year
Meanwhile, the dividend payment policy can be altered based on the company’s future plan, operational plan, liquidity and several other terms and conditions specified in the contracts corresponding to the company’s obligations. The Board of Directors may, at its own discretion, consider any correction or amendment of the dividend payment policy.
Nevertheless, the company may announce the dividend payment at the rate lower than the said rate or declare the cancellation of a dividend payout depending on various possible factors but not limited to:
- Amount of cash, liquidity and financial estimation performance
- Investment cost estimation, investment plan
- Other restrictions in dividend payout
The resolution of the Board of Directors to agree with the dividend payment shall be proposed to the shareholders in the general shareholder meeting for further approval unless it is considered as the interim dividend payment, where the Board of Directors is authorized to grant such approval and it is required to report to the shareholders in the next general shareholder meeting.