Dividend Policy and Payments
Dividend Policy
Under normal circumstances, according to the Company’s policy, PTTEP’s Board of Directors generally recommends to the shareholders an annual dividend payout of not less than 30% of net income after tax.
The Board of Directors, as appropriate, may also decide to pay interim dividends and subsequently inform the shareholders in the next shareholders’ meeting.
Meanwhile, under the terms and conditions of the Company’s Subordinated Capital Debentures No. 1/2012 USD 1,000 million, issued in June 2014, and PTTEP Treasury Center Company Limited Subordinated Capital Debentures USD 500 million, issued in July 2017; if PTTEP defers the distribution payments on the debentures, PTTEP may neither declare nor make any dividend payments, nor make any interest payments or distributions of any sort of any instruments or security ranking paripassu or junior to the subordinated capital debentures.
Latest Dividend Announcement
Dividend for Year 2023
Historical Dividend Payments
Unit: THB per share
| Historical Dividend Payments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| % of Net Profit | 55 | 49 | 77 | 50 | 53 | 49 |
| % of Profit from Normal Operation | 51 | 53 | 71 | 41 | 40 | 47 |
| Year | THB/Share | Payment Date |
|---|---|---|
| 2023 | 9.50 (4.25+5.25) | August 29, 2023 / April 22, 2024 |
| 2022 | 9.25 (4.25+5.00) | August 26, 2022 / April 24, 2023 |
| 2021 | 5.00 (2.00+3.00) | August 27, 2021 / April 18, 2022 |
| 2020 | 4.25 (1.50+2.75) | August 28, 2020 / April 26, 2021 |
| 2019 | 6.00 (2.25+3.75) | August 23, 2019 / April 11, 2020 |
| 2018 | 5.00 (1.75+3.25) | August 24, 2018 / April 11, 2019 |
| 2017 | 4.25 (1.50+2.75) | August 25, 2017 / April 12, 2018 |
| 2016 | 3.25 (0.75+2.50) | August 25, 2016 / April 10, 2017 |
| 2015 | 3.00 (1.00+2.00) | August 21, 2015 / April 11, 2016 |
| 2014 | 4.50 (3.00+1.50) | August 22, 2014 / April 9, 2015 |
| 2013 | 6.00 (3.00+3.00) | August 23 , 2013 / April 9, 2014 |
| 2012 | 5.80 (2.80+3.00) | August 22, 2012 / April 9, 2013 |
| 2011 | 5.40 (2.61+2.79) | August 29, 2011 / April 9, 2012 |
| 2010 | 5.03 (2.55+2.48) | August 30, 2010 / April 18, 2011 |
| 2009 | 2.68 (1.48+1.20) | August 28, 2009 / April 9, 2010 |
| 2008 | 5.42 (2.86+2.56) | August 29, 2008 / April 10, 2009 |
| 2007 | 3.28 (1.61+1.67) | August 27, 2007 / April 11, 2008 |
| 2006* | 3.21 (1.71+1.50) | August 28, 2006 / April 11, 2007 |
| 2005 | 13.50 (5.50+8.00) | August 29, 2005 / April 19, 2006 |
| 2004 | 9.00 | April 19, 2005 |
| 2003 | 6.75 | May 7, 2004 |
| 2002 | 6.75 | May 9, 2003 |
| 2001 | 6.00 | May 17, 2002 |
| 2000** | 3.00 | May 23, 2001 |
| 1999*** | 1.50 | May 25, 2000 |