National oil and gas conglomerate PTT Plc has approved a dividend payout ratio of 76% of 1.32 baht earnings per share for the full year 2020, up from its average of 46% of earnings per share since the firm was listed on the Stock Exchange of Thailand in 2001.
Its highest ratio stood at 148.6% in 2015.
PTT shareholders yesterday agreed with the 76% ratio, with the dividend to be paid at around one baht per share.
In the first half of 2020, the dividend was paid at 0.18 baht per share, while it was 0.82 baht per share in the second half.
The dividend of 0.82 baht per share is scheduled to be paid on April 30. The company has yet to set a payment date for the 1.32 baht earnings per share.
PTT president and chief executive Auttapol Rerkpiboon said the new ratio was calculated based on a net profit of 37.8 billion baht last year, a 59% decrease from 93 billion in 2019,…
