Thai Nippon Rubber Industry Public Co., Ltd. Proposes to Pay the Remaining Dividend for the Year 2023, Payable on 10 May 2024
February 27, 2024 at 07:58 am EST
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Thai Nippon Rubber Industry Public Co., Ltd. at its board meeting held on 27 February 2023 approved to propose the 2024 Annual General Meeting of Shareholders to consider approving the annual dividend payment from the 2023 operational results at the rate of THB 0.50 per share amounting to THB 150.00 million or equivalent to 62% of the net profits which is consistent with the Company's dividend payment policy. The details are as follows: On 8 December 2023, the Company already made an interim dividend payment (from operational result from 1 January 2023 to 30 September 2023) at THB 0.25 per share amounting to THB 75.00 million The Company proposed to pay the remaining dividend at THB 0.25 per share amounting to THB 75.00 million which shall be paid from the allocation of net profits with paid corporate income tax at the rate of 10% under the under BOI certificate No. 1466(1)/2553 The Board of Directors has set 19 March 2024 to be the Record Date for the shareholders' right to receive the dividend The dividend payment shall be made on 10 May 2024.
However, the right to receive the dividend is uncertain as it is subject to the approval from the 2024 Annual General Meeting of Shareholders.
Thai Nippon Rubber Industry Public Co., Ltd. is a Thailand-based company, which is engaged in manufacturing and distributing condoms and lubricating gels, including manufacturing paper packaging products. The Company has the ONETOUCH brand and other trademarks under the Company's license, selling both domestically and internationally through distribution to modern, traditional stores and online stores. It offers condoms in a variety of styles, including size, texture, color, smell and packaging. It also offers condoms with special characteristics, such as benzocaine. The Company produces condoms and lubricant (OEM) according to the needs of both domestic and international customers with customers all over the world. The Companyâs subsidiaries include Box Asia Group International Co., Ltd; TNR (Beijing) Trading Co., Ltd; TNR USA Inc; and TNR Bioscience Co., Ltd.