Focus Taiwan
Date: 06/10/2020
By: Han Ting-ting an

Taipei, June 10 (CNA) Shareholders of Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., on Wednesday approved a proposed NT$79 (US$2.62) cash dividend per share, the highest level of any of the companies listed on Taiwan's equity market.

The latest cash dividend proposal was approved in an annual general meeting held Wednesday for the company's 2019 earnings per share (EPS) of NT$210.70, beating the payout of NT$68 for 2018's EPS.

Largan appeared conservative toward its cash dividend payout, market analysts said, so the total payout is expected to hit NT$10.597 billion, representing a payout ratio of only 37.5 percent compared with its 2019 net profit of NT$28.26 billion.

Analysts said Largan intends to keep its large retained earnings for future expansion to meet market demand.    [FULL  STORY]