Outstanding loans rise
The outstanding balances on housing and construction loans rose to historical high levels at the end of last month, data issued by the central bank showed yesterday. The outstanding balance of housing loans stood at NT$5.679 trillion (US$187.52 billion) at the end of last month, up NT$13.86 billion from the end of February, the data showed. The data also showed an increase of 4.59 percent from the same period last year. The outstanding balance of construction loans was NT$1.539 trillion at the end of last month, up 5.97 percent from a year earlier and posted a month-on-month rise from the third consecutive month, central bank data showed.
Synnex okays cash dividend
Synnex Technology International Corp (聯強), Asia’s largest distributor of information technology products and electronics components, yesterday said its board had approved to distribute a cash dividend NT$2.80 per share to shareholders based on last year’s net profit of NT$5.27 billion, or NT$3.32 per share. The dividend of NT$2.80 per share, higher than the previous year’s NT$2, represents a payout ratio of 84 percent, the company said in a statement. The cash dividend yield approached 6 percent based on yesterday’s closing share price of NT$47.35. The company is scheduled to hold its annual general meeting on June 11 to approve the dividend payout.