Tong Yang plans higher dividend on record profit

Taipei Times
Date: Mar 27, 2017
By: Kuo Chia-erh / Staff reporter

Tong Yang Industry Co (東陽實業), which supplies automotive parts to global brands, on Friday said that its board has proposed a cash dividend of NT$2.12 per common share, compared with NT$1.4 last year.

The higher dividend reflects a record net profit posted for last year, Tong Yang said.

With earnings per share last year rising to NT$4.08 from NT$2.87 in 2015, the proposed dividend would translate into a 52 percent payout ratio.

With Tong Yang stock closing at NT$57.1 in Taipei trading on Friday, the proposed payout represents a dividend yield of 3.7 percent.    [FULL  STORY]

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