Shin Kong cash payout approved by shareholdersBRIGHTER FUTURE: Shin Kong Financial Holding Co said higher payouts would be possible after Shin Kong Life Insurance adopts new accounting rules in 2026By Kao Shih-ching / Staff reporterShin Kong Financial Holding Co’s (新光金控) shareholders on Friday approved a proposal to distribute a cash dividend of NT$0.4 per share, but some shareholders suggested that the company offer a higher payout to boost its share price, which has been about NT$8 in recent trading sessions. Shin Kong Financial Holding Co executives attend the company’s annual general meeting in Taipei on Friday. Photo courtesy of Shin Kong Financial Holding CoShin Kong Life Insurance would also contribute more revenue after 2026, he added. The insurer has received interest income in US dollars three times and expects to receive another payment in US dollars next month, Shin Kong Financial said. The board of directors has agreed to conduct feasibility studies on potential mergers with other financial holding companies, Shiu said.

Source: Taipei Times May 29, 2022 22:08 UTC