Dividend policy of B.Grimm Power
B.Grimm Power has a policy to pay dividends to shareholders at the rate of not less than 50.01percent of the normalised net profit (net profit not including unrealised gain/loss from exchange rate and non-recurring operation items) in accordance with B.Grimm Power’s consolidated statement of financial position after tax deduction, legally required reserve and obligations stated in the loan agreement. In this regard, the dividend rate is subject to change depending on operating performances, cashflow, investment requirements, terms and restrictions in loan agreements and other future considerations. Once resolved and approved by the Board of Directors, annual dividend payment must be proposed to the shareholders’ meeting, except for the interim dividend payment, where the Board of Directors are authorised to proceed with the dividend payment and report to the shareholders’ meeting for acknowledgment in due course.
Dividend Policy of Subsidiaries and Joint Ventures
The dividend policy for B.Grimm Power’s subsidiaries and joint ventures fall under the scope of the Board of Directors of subsidiaries’ and joint ventures’ considerations and approvals, which are proposed to each company’s shareholders’ meeting for approval annually. With reference to the subsidiaries’ and joint ventures’ statements of financial position, the dividend payment is based on the net profit after tax, legally required reserve, and obligations stated in the loan agreement. In this regard, the dividend rate is determined based on the operating results, cash flows, investment necessity, conditions and limitations prescribed in the loan agreement and the overall suitability of the subsidiaries and joint ventures. Meanwhile, the Board of Directors of subsidiaries and joint ventures are authorised to approve interim dividend payments and report to the shareholders’ meeting for acknowledgment in due course.
| X-Date | Payment Date | Dividend Type | Dividend (Per Share) | Operation Period |
|---|---|---|---|---|
| 26 Aug 25 | 10 Sep 25 | Cash Dividend | 0.18 | |
| 13 Mar 25 | 9 May 25 | Cash Dividend | 0.25 | |
| 26 Aug 24 | 6 Sep 24 | Cash Dividend | 0.18 | |
| 13 Mar 24 | 10 May 24 | Cash Dividend | 0.18 | 01 Jan 2023 - 31 Dec 2023 |
| 28 Aug 23 | 8 Sep 23 | Cash Dividend | 0.18 | |
| 14 Mar 23 | 10 May 23 | Cash Dividend | 0.035 | |
| 25 Aug 22 | 9 Sep 22 | Cash Dividend | 0.03 | |
| 11 Mar 22 | 12 May 22 | Cash Dividend | 0.27 | 01 Jul 2021 - 31 Dec 2021 |
| 26 Aug 21 | 10 Sep 21 | Cash Dividend | 0.15 | |
| 11 Mar 21 | 11 May 21 | Cash Dividend | 0.30 | 01 Jul 2020 - 31 Dec 2020 |
| 28 Aug 20 | 11 Sep 2020 | Cash Dividend | 0.15 | |
| 12 Mar 2020 | 30 Apr 2020 | Cash Dividend | 0.22 | 01 Jul 2019 - 31 Dec 2019 |
| 27 Aug 2019 | 10 Sep 2019 | Cash Dividend | 0.15 | 01 Jan 2019 - 30 June 2019 |
| 13 Mar 2019 | 10 May 2019 | Cash Dividend | 0.17 | 01 July 2018 - 31 Dec 2018 |
| 23 Aug 18 | 7 Sep 2018 | Cash Dividend | 0.15 | 01 Jan 2018 - 30 June 2018 |
| 20 Mar 2018 | 11 May 2018 | Cash Dividend | 0.30 | 01 Jan 2017 - 31 Dec 2017 |
B.Grimm Power’s Board of Directors’ Meeting No. 2/2025, dated 28 February 2025, arrived at the following resolutions:
1) Approved the revision to dividend payment policy by increasing the payout from the rate of not less than 40.0 percent to 50.0 percent of the normalised net profit based on its consolidated financial statements. This new dividend payment policy is effective from the annual dividend payment for 2024, which will be proposed for approval in the Annual General Meeting of Shareholders 2025;
2) To propose to the Annual General Meeting of Shareholders 2025 on 29 April 2025, to consider and approve of the dividend payment for the 2024 operating results at the rate of THB 0.43 per share, equivalent to 51 percent of the normalised net profit in 2024. The interim dividend payment for the first half of 2024 was paid at the rate of THB 0.18 per share on 6 September 2024, and for the final dividend payment of 2024 at the rate of THB 0.25 per share. The dividend payment for the operating results in 2024 will be proposed to the Annual General Meeting of Shareholders 2025.