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Companies announce dividend payouts

May Kunmakara / Khmer Times Share:
Cambodian Economy and Finance Minister Aun Pornmoniroth speaks during the listing ceremony of the state-run Phnom Penh Autonomous Port (PPAP) on the Cambodia stock market in Phnom Penh, Cambodia, Dec. 9, 2015. Xinhua/Phearum

Three publicly-traded companies this week announced dividend payouts for 2017.

Grand Twins International, the first company to be listed on the Cambodian Stock Exchange (CSX), will give a total of 2.4 billion riel ($600,000) to shareholders, with dividend per share set at 60 riel. The company’s dividend payout ratio – the amount of dividends paid to stockholders relative to the amount of total net income of a company – is 89.89 percent. The payments will be made on July 20-27.

The dividend payout ratio at Phnom Penh Special Economic Zone, meanwhile, is 20.47 percent. Total payout will be 1.3 billion riel ($347,250), with each share yielding 24 riel. Payments will be disbursed from July 31 to August 8.

Finally, at Sihanouk Autonomous Port the payout ratio is 34.37 percent, with a total payout of 8.6 billion riel ($2.1 million), and a dividend per share of 403 riel, which will be distributed on August 1-9.

Soleil Lamun, director at the CSX’s Listing & Disclosure Department, told Khmer Times that Sihanouk Autonomous Port – with a share price of 5,200 riel and a dividend per share of 403 riel – offers the highest dividend yield, 7.75 percent, which he said is very attractive to savvy investors.

“Sihanouk Autonomous Port’s risk status, including business risk and other risks, is better than most microfinance institutions and is comparable to, if not better than, the best banks in Cambodia, because it is a state-owned enterprise, largely dominant in its sector, and is closely link to the robust economic growth of Cambodia,” he said.

“In terms of average dividend yield, 4.10 percent is already good. To my knowledge, the average dividend yield in Thailand is only around 3 percent,” he said, adding that CSX’s average dividend payout ratio of 38 percent is very generous and indicates that listed companies are eager to please their shareholders.

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