At its annual general meeting, Ngern Tid Lor PCL (TIDLOR) approved the payment of 2023 dividends at a ratio of 8 common shares for 1 dividend share, along with a cash payment of THB 0.2920 per share. The ex-dividend date has been set on April 19, 2023, and the payment was scheduled on May 8, 2023. Piyasak Ukritnukun, managing director, announced that TIDLOR aims to achieve 10-20% growth in the loan portfolio and 20-25% in the non-life insurance premium through the improvement of operational efficiency.
Piyasak Ukritnukun, the managing director of Ngern Tid Lor PCL (TIDLOR) unveiled that the Annual General Meeting of Shareholders for year 2023 approved the dividend payouts at the ratio of 8 common shares for 1 stock dividend, not exceeding 312,167,077 shares equivalent to the dividend payment of 0.4625 baht per share. In event that any shareholder holds the fractional share after the distribution shall be entitled to receive the cash payment amounting to 0.4625 baht per share. The shareholders holding common shares are eligible to receive cash payment at the rate of 0.2920 baht per share, in accordance to the company’s dividend payment policy or not less than 20% of net profit recorded in the company’s financial statement after tax deduction and reserve allowance. The fractional shares may result in cash amounting to more than THB 729 million. In addition, the Company has determined the x-dividend date on April 19, 2023, and scheduled the payment on May 8, 2023.
Piyasak further stated that 2023 business plan is set to achieve the loan portfolio growth at 10-20% and continue to build a strong insurance premium growth at 20-25% by focusing on the improvement of operational efficiency. In addition, TIDLOR is committed to driving forward by engaging technology and innovation, as testified by TIDLOR Card which has received positive feedbacks by facilitating convenience to vehicle title loan customers. TIDLOR is also advancing product and service developments through the digital platform, aiming to enhance both vehicle title loan and insurance brokerage services, affirming the leadership and continuous business growth.
For more information on the shareholders meeting, please visit the Stock Exchange of Thailand website or follow TIDLOR stock at www.tidlorinvestor.com or visit http://www.tidlor.com/th or Facebook Fan page ngerntidlor.