Dividend payouts down but still lucrative
published : 6 Apr 2021 at 08:50
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A total of 52 SET-listed companies out of 570 were unable to maintain dividend payments in 2020 as the pandemic hobbled their financial capacity.
The average dividend payment rate of the 518 companies was 1.5% in 2020 compared with 2.2% the previous year.
According to the Stock Exchange of Thailand s statistics, the SET Index in April rose 3.01% from the previous month as investors flocked to high-dividend stocks in hopes of capital gains and high dividend yields.
The statistics suggest the price of stocks with high dividend payouts exceeded the average SET return.
Stock prices normally increase a month before the SET imposes the XD sign (excluding dividend) on the trade of these stocks, with an average price gain of 5%.