Stock exchange filings by financial holding companies have indicated a lower level of dividend payouts this year, despite record-high profits the companies made last year.
The nation’s top 15 financial companies’ aggregate net income rose 4.9 percent annually to NT$296.7 billion (US$9.2 billion) last year, as they recovered from the impact of global market volatility in the third quarter of last year.
Fubon Financial Holding Co (富邦金控) plans to distribute NT$2 in dividends per share, or 32.2 percent of its earnings per share, compared with the NT$3 at a dividend payout ratio of 50.9 percent it distributed last year.
Cathay Financial Holding Co (國泰金控) is keeping its dividend payout unchanged at NT$2 per share this year, but it is distributing 43.7 percent of its profits, compared with 50.8 percent a year ago.
Jih Sun Financial Holding Co (日盛金控) is leading its domestic peers in dividend payouts, distributing 92.67 percent of the NT$0.58 per share it earned last year.
State-run Hua Nan Financial Holding Co (華南金控) and Taiwan Cooperative Financial Holding Co (合庫金控), as well as smaller peers, such as China Development Financial Holding Corp (中華開發金控) and E.Sun Financial Holding Co (玉山金控), have announced they would distribute more than 80 percent of their earnings from last year.
State-run Mega Financial Holding Co (兆豐金控) has raised its payout ratio from 57.6 percent to 63.8 percent this year, with a higher dividend of NT$1.5 per share, compared with NT$1.4 last year.
Meanwhile, Taishin Financial Holding Co (台新金控) plans to significantly raise its dividend payout from NT$0.1 last year to NT$1.39 this year.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB