Macronix International Co (旺宏電子), a local maker of memory chips that counts Nintendo Co among its clients, said on Monday it would distribute a cash dividend of NT$1.50 per share based on last year’s earnings, up 114 percent from the NT$0.70 it paid in the previous year,
If approved by shareholders on June 9, the dividend would be the company’s highest in 10 years, company data showed.
With the stock closing at NT$18.20 on the Taiwan Stock Exchange yesterday, Macronix’s proposed cash dividend translates into a dividend yield of 8.24 percent.
The company will hold its annual shareholders’ meeting on June 9 to review the proposed dividend payout and plans to issue 1.5 billion new common shares through a private placement.
In contrast, U-Ming Marine Transport Corp (裕民航運), a member of the Far Eastern Group (遠東集團), said yesterday it would distribute a cash dividend per share of NT$5, offering a dividend yield of 7.74 percent based on its share price of NT$64.60. The company offered an a cash dividend of NT$6 last year.
Far Eastern International Bank (遠東商銀), another member of the Far Eastern Group, said it would pay NT$0.10 in cash dividends, which translates into a dividend yield of 1 percent based on its closing price of NT$10 yesterday.
It’s board also approved a private placement proposal to raise up to NT$10 billion in funds to improve its financial structure.
Compal Communications Inc (華寶通訊) said it planned to distribute NT$1 in cash dividends, a dividend yield of 3.13 percent based on its share price of NT$32.
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