Shin Kong board approves planned NT$0.4 dividend By Kao Shih-ching / Staff reporter Shin Kong Financial Holding Co’s (新光金控) board of directors has approved a proposal to distribute a cash dividend of NT$0.4 per common share, flat from a year earlier, although the company’s net profit fell 27.43 percent annually to NT$14.39 billion (US$508.14 million) last year. Given Shin Kong Financial’s earnings per share of NT$1.12 for last year and its share price of NT$8.29 on Friday, the proposed dividend suggests a payout ratio of 35.7 percent and a dividend yield of 4.82 percent. The company’s shares closed up 0.24 percent at NT$8.31 in Taipei trading yesterday, the first day of trading after the 228 Peace Memorial Day long weekend.