CTBC hints at dividend with yield of up to 5%CONTINUITY: The dividend’s payout ratio should be above 50 percent, as has been in three out of four years to 2019, the company saidBy Kao Shih-ching / Staff reporterCTBC Financial Holding Co (中信金控) aims to pay a high cash dividend this year, with a payout ratio above 50 percent and a dividend yield of 4 to 5 percent, CTBC spokeswoman Chiu Ya-ling (邱雅玲) told an investors’ conference yesterday. The company reported earnings per share of NT$2.15 for last year, but its board of directors has not finalized talks on a cash dividend. However, as the firm’s insurance arm, Taiwan Life Insurance Co (台灣人壽), would retain last year’s net profit as a capital injection, the dividend would not be as high as without this move, Chiu said. CTBC Financial Holding Co spokeswoman Chiu Ya-ling, right, and company president Daniel Wu attend an investors’ conference in Taipei on April 30, 2019. Market watchers expect a cash dividend per share between NT$0.872 and NT$1.09 this year.

Source: Taipei Times March 25, 2021 15:56 UTC