Stock Exchange Of Thailand: Listed Cos. Pay Out Over THB 90 Billion Worth Of Dividends

The Stock Exchange of Thailand (SET) reported the dividend payments of listed companies on the SET and the Market for Alternative Investment (MAI), as of 2 March 2004 which was the deadline for financial statement submission. There were a total of 173 listed companies announcing dividend payments for the year ending 31 December 2003. The total amount of dividend payments announced was THB 91,294 million or 42.71% of the total net profits of those listed companies having announced their dividend payments.

Listed companies' average dividend yield was recorded at 2.47% which is higher than the fixed interest rate at the commercial banks which are at 1-1.25%. The top four industry groups having the highest dividend yields are:

Agro & Food Industry Group with a 4.30% dividend yield, led by the Agribusiness Sector which had a 6.21% yield.
Consumer Products with a 4.05% dividend yield, led by the Jewelry & Ornaments Sector which had a 6.21% yield.
Industrials Group with a 3.56% dividend yield, led by the Pulp & Paper Sector and the Packaging Sector which had 11.67% and 3.95% yields respectively. 1.
Services Group with a 3.35% dividend yield, led by the Entertainment & Recreation Sector and the Printing & Publishing Sector which had 5.23% and 4.13% yields respectively.

For more information on listed companies, please browse the SET website at www.set.or.th