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PTT approves dividend payout ratio of 76%
published : 10 Apr 2021 at 04:00
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.
TRIS Rating affirms the company rating on Samart Corporation PLC (SAMART) at ?BBB+?, with a ?stable? outlook. The rating reflects SAMART?s diverse lines of business and sources of income, as well as its acceptable competitive position in the information technology (IT) segment.
The rating is partly offset by a slower-than-expected rise in revenue and profit in the digital trunk radio business, fluctuations in the IT trading/turnkey business segment, as well as a decrease in recurring revenue from air traffic control services in Cambodia that were affected by the Coronavirus Disease 2019 (COVID-19) pandemic.
KEY RATING CONSIDERATIONS
Revenue and profitability hurt by COVID-19