Here’s the article rewritten for retail investors:

Siam Cement Group Announces Attractive Dividend Payout for SDR Holders

In a move that could spark investor interest, Siam Cement Group (SCG) has declared a cash dividend for holders of its Singapore Depository Receipts (SDRs). This announcement comes as welcome news for investors seeking steady income from their portfolios.

Key Highlights:

• Gross dividend of 0.25 Thai Baht per underlying share
• Net dividend of 0.22275 Thai Baht per underlying share after taxes and fees
• Final dividend rate of 0.00864 Singapore Dollars per SDR
• Ex-date and record date set for early April 2025
• Payment to be made by late April 2025

SCG, a leading business conglomerate in Thailand, has set its dividend payout for the upcoming distribution. For each underlying share, the company will pay a gross dividend of 0.25 Thai Baht. After accounting for a 10% withholding tax and a 1% corporate action fee, the net dividend comes to 0.22275 Thai Baht per share.

It’s crucial for investors to note that SCG’s SDRs trade at a ratio of 10 SDRs to 1 underlying share. This means that for each SDR, holders will receive a dividend based on one-tenth of the underlying share’s payout.

The Depository has announced that it will convert the Thai Baht dividend into Singapore Dollars at the prevailing exchange rate of 25.77758 THB to SGD. This results in a final dividend rate of 0.00864 Singapore Dollars per SDR.

Important Dates for Shareholders:

• Ex-Date: April 2, 2025
• Record Date: April 3, 2025
• Payment Date: April 28, 2025 (for SDR holders)

Investors should be aware of the book closure period, which runs from March 31, 2025, to April 3, 2025. During this time, the share register will be closed for dividend entitlement purposes.

This dividend announcement could potentially impact SCG’s share price, as it demonstrates the company’s commitment to returning value to shareholders. The stability of the dividend payout may attract income-focused investors, potentially supporting the stock’s valuation.

For SDR holders, the conversion to Singapore Dollars provides a convenient way to receive dividends without the need for currency exchange on their part. However, investors should be mindful that future dividend amounts may fluctuate based on the company’s performance and exchange rate variations.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. The dividend information provided is subject to change. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. Past dividend payments are not indicative of future performance.

View SiamCement TH SDR10to1 Historical chart here