The board of directors may consider paying annual dividends which are subject to approval by the shareholder’s meeting. At times, the board of directors has the authority to approve interim dividend payments if there is a sufficient amount of profits and submit a report regarding the dividend payment for the next shareholder’s meeting.
The company’s policy is to pay the shareholders their dividends at a rate of no less than 40% of the company’s net profit after corporate income taxes and after all specified legal deductions and specified company deductions. The board of directors gives a dividend payment after considering different factors with the shareholder’s best interests in mind. This includes considering operations, financial status, reserved funds for future investments, debt pay off or for working capital within the company. A dividend payment must have no significant effect on the company’s operations as the board of directors deems appropriate.
|Board Date||X-Date||Payment Date||Dividend Type||Dividend (per Share)||Unit||Operation Period|