Chunghwa Telecom Co (中華電信), the nation’s largest telecoms operator, yesterday said its board has approved a higher cash dividend of NT$4.86 per share for shareholders this year on the back of its reduced budget for capital spending.
The issuance represents 5.02 percent in dividend yield based on the company’s closing price of NT$96.9 per share yesterday.
Last year, Chunghwa Telecom distributed a cash dividend of NT$4.425 per share after capital spending soared to a record high of NT$32.56 billion (US$1.03 billion) — mostly on 4G network deployment.
This year, the telecoms operator said it planned to spend NT$30.7 billion on network construction.
Last year, Chunghwa Telecom made NT$38.62 billion, or NT$4.98 per share, down 3.06 percent from NT$39.84 billion, or NT$5.14 a share, in 2013.
In related news, Far EasTone Telecommunications Co Ltd (遠傳電信), the nation’s No. 3 telecoms operator, yesterday said its board has approved a cash dividend of NT$3.75 per share for shareholders, unchanged from last year.
The figure represented a 4.82 percent dividend yield, compared with Far EasTone’s closing price of NT$77.8 yesterday.
Far EasTone said this year it planned to spend NT$12.5 billion on network deployment, compared with last year’s record high of NT$13.2 billion.
With the new capital spending, Far EasTone expects its 4G coverage in the 700-megahertz band to reach 99 percent and 80 percent for its 1,800-megahertz band.
During a teleconference with investors, Far EasTone president Yvonne Li (李彬) said the company is optimistic about the company’s growth trend.
Li said she expects the company’s 4G subscribers to triple to 3 million this year from last year’s 1 million. That would represent a 50 percent 4G penetration rate for the company.
Total revenue this year is expected to grow 2.4 percent to NT$96.45 billion from last year’s NT$94.18 billion, Li said.
However, net profit would fall 3.5 percent to NT$11.08 billion this year from NT$11.48 billion last year, due to an increase in depreciation and amortization costs for its 4G equipment and license fee, she said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS