Page 55 - Anual report STi 2022_eng

such dividend payment is subject to change depending on economic conditions, cash flow, investment plans, and legal
conditions. The Company considers the necessity and appropriateness of other factors in the future. And the dividend payment

will not have a significant impact on the Company’s normal operations. In this regard, the resolution of the Company’s Board
of Directors’ meeting that approves the payment of dividends must be presented to the shareholders’ meeting for approval.
In addition, the Board of Directors has the power to consider the payment of interim dividends if it deems appropriate and

does not affect the Company’s operations. However, this must be reported to the shareholders’ meeting in the next meeting.

The subsidiary has the policy to pay dividends each year at the rate of not less than 50.00% of the net profit of the
financial statements after corporate income tax and legal reserves as required by law and subject to appropriate investment
plans. In addition, the company will take into account the cash flow and financial base of its subsidiaries.

Past history of dividend payment of the Company The details are as follows.

Dividend Payment Details Fiscal year ended Fiscal year ended Fiscal year ended

Dec 31, 2019 Dec 31, 2020 Dec 31, 2021

1. Net Profit (million Baht) of the Consolidated 85.50 149.22 144.43

financial statements
2. Annual dividend payout ratio (Baht : Share) as follow: 0.6944444444

Cash dividends 0.25 0.40 0.0694444444
Stock dividends - - 0.625
(0.8 existing share to

1 stock dividend )
3. Total approximate dividend payment (Million Baht) 67.00 107.20 186.11

4. Dividend payout ratio per net profit (Consolidated 88.39% 69.59% 123.00%
Basis) after being deducted by legal reserve

Stonehenge Inter Public Company Limited 53