SCG Packaging Public Company Limited Proposes Dividend Payment for the Full Year 2022, Payable April 24, 2023
January 24, 2023 at 11:30 am IST
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SCG Packaging Public Company Limited proposed for approval, at the Annual General Meeting of Shareholders, a full year 2022 dividend payment at the rate of THB 0.60 per share for a total amount of approximately 2,576 million Baht, or 44.4% of profit for the year on consolidated financial statements, of which 0.25 Baht
per share totaling THB 1,073 million was paid as an interim dividend on August 24, 2022. The final payment of dividend will be THB 0.35 per share totaling 1,502 million Baht. Such dividend payment was derived from the profit which was subject to corporate income tax of 20%. An individual shareholder shall be entitled to a tax credit1 equaling the product of dividend times 20/80. The aforesaid dividend distribution shall be payable to the shareholders entitled to receive the dividend in accordance with SCGP's Articles of Association and listed in the record date on, April 5, 2023. (The XD, or the date on which a share purchaser will not be entitled to receive the dividend, will be on, April 4, 2023.) The dividend payment will be made on, April 24, 2023. The receipt of such dividend shall be within 10 years.
SCG Packaging Public Company Limited is a Thailand-based comprehensive packaging solutions provider. The Company operates through three segments: Integrated Packaging Business, Fibrous Business, and Recycling Business and Other. Integrated Packaging Business segment comprised of packaging paper, consumer and performance packaging, both flexible packaging and rigid packaging in the industries of consumer, food and beverage, and medical supplies and labware, and fiber-based packaging, such as corrugated containers, retail display packaging, recycled paper bags for consumer products, and industrial bags. Fibrous Business segment comprised of foodservice packaging, printing and writing paper, and pulp products. Recycling Business and Others segment comprised of packaging materials recycling and holding company. Its products range include Packaging, Innovative packaging, Foodservice product, Paper & Pulp, Forestry, Design service, Marketing and event, SCGP Recycle, and Healthcare Products.