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China Steel Corp’s (CSC, 中鋼) net profit last year surged about 69-fold from 2020 on the back of rising steel prices and higher sales, enabling it to propose its highest dividend payout in 14 years.
The nation’s only integrated steelmaker said in a regulatory filing on Friday that its board of directors had approved a plan to distribute a cash dividend of NT$3.1 per common share based on last year’s earnings per share of NT$4.02.
Last year, China Steel paid a cash dividend of NT$0.03 per share based on earnings per share of NT$0.05 in 2020.
The last time the company offered a
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