Wisdom approves reduced payoutBy Kao Shih-ching / Staff reporterWisdom Marine Lines Co’s (慧洋海運) board of directors has approved a proposal to distribute a cash dividend of NT$1 per share this year, down from NT$1.5 a year earlier, as the dry bulk shipping company’s net profit plunged 95 percent annually to NT$111.41 million (US$3.9 million) last year. Earnings per share were NT$0.15 last year, the company said on Tuesday. The cash dividend suggested a yield of 3.03 percent based on the company’s closing share price of NT$32.95 on Tuesday. Wisdom Marine Lines Co chairman James Lan speaks to reporters after an investors’ conference in Taipei on Tuesday. Lan said that he is optimistic about the company’s operations in the next few months, as it is nearly the traditional peak season for bulk shipping.

Source: Taipei Times March 31, 2021 15:56 UTC