Fubon Gold Dividends: Cash Dividend 2.5 Yuan, Stock Dividend 0.5 Yuan

Fubon Financial Holdings announced on the 25th that the board of directors approved the proposed allotment of a cash dividend of 2.5 yuan per common share and a stock dividend of 0.5 yuan, with a total dividend distribution of 3.0 yuan. The total dividend distribution rate reached 62.5%, which was higher than last year’s total dividend 2.0 yuan; if calculated based on today’s Fubon Gold closing price of 66.4 yuan, the dividend yield is 3.76%.

Fubon Financial Holding’s net profit after tax in 2023 was 66.017 billion yuan, with earnings per share (EPS) of 4.8 yuan, making it the double profit leader among financial holdings and the top EPS profit leader among financial holdings for 15 consecutive years; Fubon Financial Holdings Control stated that cash dividends are distributed based on a comprehensive consideration of overall profits and the surplus turned over by subsidiaries.

In addition to cash dividends, Fubon Financial Holdings issued a stock dividend of 0.5 yuan per share this time, providing shareholders with the option of continuing to hold stocks or converting them into cash. Fubon Financial Holdings stated that although issuing stock dividends will cause a small amount of dilution in the short term, it also represents the company’s confidence in future operating performance. Overall, the combination of cash dividends and stock dividends is expected to provide shareholders with better substantial returns. This allotment of stock dividends is a capital reserve allotment. For shareholders, when receiving dividends, they do not need to pay income tax in accordance with Taiwan tax laws.

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