PTT Public Company Limited Proposes Dividend for the Second Half of 2022, Payable on April 28, 2023
February 16, 2023 at 07:08 am EST
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After due consideration, the Board of Directors of PTT Public Company Limited deemed it appropriate to propose that the shareholders approve 2022 net profit allocation and the dividend payment for the year 2022 performance which will be paid to the shareholders of 28,562,996,250 shares at the rate of THB 2.00 per share, totalling THB 57,126 million. After deduction of the interim dividend payment for the first half of 2022 performance at the rate of THB 1.30 per share with the total amount of THB 37,132 million and be paid to the shareholders on October 12, 2022 (the interim dividend payment was paid from the unappropriated retained earnings which subjected to 20% corporate income tax wherein individual shareholders shall be entitled to a Dividend Tax Credit under Section 47 bis of the Revenue Code and from the dividend received from PTT Exploration and Production Public Company Limited (PTTEP) which is subjected to 50% petroleum income tax wherein individual shareholders shall not be entitled to a Dividend Tax Credit under Section 47 bis of the Revenue Code), the Company will pay the remaining dividend for the second
half of 2022 performance at the rate of THB 0.70 per share, totalling THB 19,994 million. The remaining dividend for the second half of 2022 performance will be paid from the unappropriated retained earnings which subjected to 20% corporate income tax wherein individual shareholders shall be entitled to a Dividend Tax Credit under Section 47 bis of the Revenue Code at the rate of THB 0.45 per share and from the dividend received from PTT Exploration and Production Public Company Limited (PTTEP) which is subjected to 50% petroleum income tax wherein individual shareholders shall not be entitled to a Dividend Tax Credit under Section 47 bis of the Revenue Code at the rate of THB 0.25 per share. The Board of Directors has set the Record Date on March 3, 2023 to determine the name of shareholders who are entitled to receive the dividend. The dividend for the second half of 2022 performance will be paid on April 28, 2023.
PTT Public Company Limited is a Thailand-based company, which is engaged in the petroleum business. The Companyâs segments include upstream petroleum and natural gas, downstream petroleum, new business and infrastructure and Others. The upstream petroleum and natural gas segment includes petroleum exploration and production and natural gas. The downstream petroleum segment includes oil and retail, international trading and petrochemicals and refining. The oil and retail business engages in the oil and retail business including service station, EV station, food and beverage, convenience store, and related businesses in both domestic and overseas. Its products include Natural Gas for Automotive (NGV), Natural Gas Wholesale Market Customers and others. Its services include Natural Gas Services for Vehicles, Natural Gas Pipeline Transportation, Order Management Center (ORCC), PTT Electronic Bill Presentment & Payment, PTT E-Tax Web and Collateral Information Ptt.
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