Fubon Financial board approves record dividendSUBSIDIARY ACTION: Fubon Life allocated its profit to fund its parent’s cash dividend distribution, although the Financial Supervisory Commission must approveBy Kao Shih-ching / Staff reporterFubon Financial Holding Co’s (富邦金控) board of directors on Thursday approved a proposal to distribute a record cash dividend of NT$3 per share, topping proposals by local peers, data showed. The Fubon Life Insurance Co logo is pictured outside an office building in Taipei in an undated photograph. Photo: Wang Meng-lun, Taipei TimesIts board also approved the issuance of a NT$1 stock dividend, Fubon Financial said. It was the first time in three years that Fubon Life has allocated its profit to fund its parent’s cash dividend distribution, Fubon Financial said. That partly explains why Fubon Financial is able to propose a higher dividend than its peers.

Source: Taipei Times April 30, 2021 15:56 UTC