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FSC tells firms to postpone annual meetings
UNPRECEDENTED: The move to delay shareholders’ meetings marked the first time the commission had imposed such a measure, but follows discussions with the CECC, it said
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission (FSC) yesterday told publicly traded companies to postpone their annual shareholders’ meetings from Monday next week to the end of next month to curb public gatherings amid a surge in COVID-19 infections.
A total of 1,931 companies had planned to convene their shareholders’ meetings during the period, but the FSC has made it mandatory for them to delay the events to July or August, it said.
Fubon Financial board approves record dividend
SUBSIDIARY ACTION: Fubon Life allocated its profit to fund its parent’s cash dividend distribution, although the Financial Supervisory Commission must approve
By Kao Shih-ching / Staff reporter
Fubon Financial Holding Co’s (富邦金控) board of directors on Thursday approved a proposal to distribute a record cash dividend of NT$3 per share, topping proposals by local peers, data showed.
The previous time Fubon paid at least a NT$3 cash dividend was in 2015.
This year’s payout ratio would be about 35 percent, based on the company’s earnings per share of NT$8.54 last year, with a dividend yield of 4.67 percent given its share price of NT$64.2 when markets closed on Thursday.