Dividend Policy
Dividend Policy
If there is any surplus in the Company's annual final accounts, the Company shall first pay taxes and make up for accumulated losses over the years, and then set aside 10% as the statutory surplus reserve; except when the statutory surplus reserve has reached the Company's total capital. The special surplus reserve shall be allocated or converted according to laws or regulations of the competent authority. Any remaining surplus will become the annual undistributed earnings. This remaining balance shall be added to the accumulated undistributed earnings of the previous years to form the cumulative distributable earnings of the shareholders. The Board of Directors may prepare a proposal for its distribution, and if new shares are to be issued as the form of distribution, the proposal shall be submitted to the shareholders meeting for resolution before the distribution.
In accordance with Article 240(5) of the Company Act, the Board of Directors is authorized to distribute dividends and bonuses or all/part of the statutory surplus reserve and capital surplus required by Article 241(1) of the Company Act in cash by a resolution of at least two-thirds of the Directors present and a majority of the Directors present, and to report such distribution to the shareholders' meeting.
The Company is in the growth stage. Based on our capital expenditure, business expansion needs and sound financial planning for sustainable development, our Company's dividend policy is to set aside 20% or more of our available earnings for dividend distribution based on the Company's future capital expenditure budget and capital requirements. The distributable earnings for the year referred to in this paragraph shall be based on the annual undistributed surplus in paragraph 1 of this article, which shall be distributed to shareholders in the form of stock dividends and cash dividends. The cash dividend ratio shall not be less than 3% of the total shareholder dividends. 10. However, the type and ratio of this surplus distribution may be adjusted by the resolution of the shareholders meeting after the board of directors draws up a distribution plan based on the actual profit and capital status of the year.
Historical Dividend Payments
| Year | Dividend per share | Ex-dividend trading day | Book closure date | Ex-dividend base date | Dividend Payment Date | ||
|---|---|---|---|---|---|---|---|
| Cash dividend | Stock dividend | Start date | End date | ||||
| 2022 | 6 | - | 2023/08/03 | 2023/08/07 | 2023/08/11 | 2023/08/11 | 2023/08/31 |
| 2021 | 5.4 | 2022/07/29 | 2022/08/02 | 2022/08/06 | 2022/08/06 | 2022/08/31 | |
| 2020 | 3.74433968 | 2021/08/19 | 2021/08/22 | 2021/08/26 | 2021/08/26 | 2021/09/15 | |
| 2019 | 3.3 | - | 2020/8/21 | 2020/8/25 | 2020/8/29 | 2020/8/29 | 2020/9/15 |
| 2018 | 4 | - | 2019/8/22 | 2019/8/26 | 2019/8/30 | 2019/8/30 | 2019/9/20 |
| 2017 | 3.75 | 2.25 | 2018/9/28 | 2018/10/2 | 2018/10/6 | 2018/10/6 | 2018/10/30 |
Stock price inquiry
Company Name: TURVO International Co.,Ltd (Taiwan)
