Reported 8 months ago
Taiwan Mobile, one of Taiwan's three major telecom companies, held its shareholders' meeting where they approved the distribution of NT$4.3 per share in cash dividends. Responding to a shareholder's question on the decrease from NT$5 in dividends to utilizing capital surplus for distribution, Chairman Cai Mingzhong stated that 'dividends are king,' emphasizing that as earnings increase, more dividends will be distributed. The company aims to return to being the top earner in the telecom industry within the next 3 to 5 years, with a focus on earnings through competition based on innovation rather than price. Additionally, they have seen growth in revenue and profit, and the effects of their merger with Taiwan Star are proving positive. Chairman Cai also highlighted their usage of AI in customer service and expressed optimism about the economic outlook in the latter half of the year. Taiwan Mobile's prudent strategy includes allocating cash dividends from capital surplus as profitability improves.
Source: YAHOO