Dividend policy of B.Grimm Power
B.Grimm Power’s dividend policy is to pay shareholders at least 40.0% of normalised net profit (net profit excluding unrealised gain / loss on exchange rate and non-recurring income/expenses) based on its consolidated financial statements after tax and statutory reserves deduction and after obligations under loan agreements. This 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, the payment of dividends must be submitted to a shareholders’ meeting for approval unless it is an interim dividend payment which the Board of Directors may approve and subsequently report at the next shareholders’ meeting.
Dividend Policy of Subsidiaries and Joint Ventures
The dividend policy of B.Grimm Power’s subsidiaries and joint ventures will reflect what their boards of directors consider and endorse before seeking approval from their respective shareholders’ meeting each year. Dividends will be paid from the net profit stated in the financial statements of the subsidiary or joint venture in question after tax and statutory reserves deduction and after obligations in loan agreements. The payment rate will be based upon operating performances, cashflow, investment requirements, terms and restrictions in loan agreements and other reasons deemed appropriate by subsidiaries and joint ventures. Meanwhile, the boards of directors of these subsidiaries and joint ventures may approve an interim dividend payment, which will be subsequently reported to shareholders at the next shareholders’ meeting.
|X-Date||Payment Date||Dividend Type||Dividend (Per Share)||Operation Period|
|12 Mar 2021||11 Mar 2021||Cash Dividend||0.30||01 Jul 2020 - 31 Dec 2020|
|31 Aug 2020||11 Sep 2020||Cash Dividend||0.15||01 Jan 2020 - 30 June 2020|
|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|
|24 Aug 2018||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|