Sat, Apr 30, 2016 - Page 14 News List

Financial holding companies plan lower dividends

By Ted Chen  /  Staff reporter

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.

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