Thai Steel Cable Public Company Limited Proposes Dividend for the Year 2021, Payable Within February 25, 2022
November 23, 2021 at 06:35 am
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Thai Steel Cable Public Company Limited at its annual general meeting of shareholders to be held on January 25, 2022, proposed the legal reserve which has already reached 10% of authorized share capital and to arrange the dividend payment of 2021 in amount of THB 1.00 per share which equals to THB 259,800,000 or 110% of net profit of 2021. However, the company had paid the interim dividend at THB 0.40 per share in 2021, therefore, the existing sum is THB 0.60 per share which equals to THB 155,880,000. The dividend will be paid within February 25, 2022. The remaining of THB 0.60 which will be paid from the BOI promotion THB 98,316,380 at THB 0.38 per share and THB 57,563,620 at THB 0.22 per share from business with 20% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. The board meeting approved to prepare record of shareholders that eligible to dividend payment on February 4, 2022.
Thai Steel Cable Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and distribution of control cables for automobiles and motorcycles and window regulators for automobiles. The Company's product categories include automobile, motorcycle and window regulator. The Company's automobile products include accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables. The Company's motorcycle products include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables. The Company's products are distributed to automobile manufacturers and spare parts centers in both domestic and overseas markets under the trademarks of TSC and Hi-Lex. The Company's operations are carried out only in Thailand.