AIRPORTS OF THAILAND Announces Cash Dividend Amidst Shareholder Anticipation

The financial community is abuzz as AIRPORTS OF THAILAND PCL has declared a cash dividend of THB 0.79 for each SDR (Singapore Depository Receipt), signaling a significant move in shareholder value.

Key Details of the Cash Dividend

The dividend announcement outlines several critical dates and figures that shareholders must be aware of. The ex-dividend date is set for December 4, 2024, with the record date following on December 6, 2024. Shareholders can expect the payment to be processed by February 7, 2025.

Importantly, the declared gross dividend rate is THB 0.79, from which a withholding tax of 10% (THB 0.079) and a corporate action fee of 1% (THB 0.00711) will be deducted. This results in a net dividend rate of THB 0.70389 per SDR.

Impact on Shareholders and Potential Price Sensitivity

Shareholders should note that the dividend is contingent upon approval at the 2025 Annual General Shareholders’ Meeting, highlighting a potential point of uncertainty that could influence share prices. Furthermore, due to the variance in record dates, the issuance and cancellation of SDRs will be suspended on December 6, 2024, which could impact trading activities.

The final distribution amount in Singapore dollars is yet to be determined, pending the prevailing foreign exchange rates. This conversion will be crucial for shareholders and could affect the perceived value of the dividend.

Conclusion

This announcement, pending shareholder approval, could potentially influence AIRPORTS OF THAILAND’s share price. Investors will be watching closely as the company moves forward with this distribution plan.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.