Taiwan Telco Shareholder Meeting: Small Shareholders Oppose Using Reserves for Dividends, Chairman Hopes to Increase Dividends as Earnings Grow

Reported about 1 year ago

During Taiwan Mobile's shareholder meeting, small shareholders expressed concerns about dividends, green energy, and 3G sunset plan. Some shareholders opposed using reserves for dividends and proposed distributing NT$5.5 cash dividend per share. Chairman Cai Mingchong emphasized the importance of dividends, with the meeting approving a cash dividend of NT$4.3 per share, including NT$3.6251 from earnings distribution and NT$0.6749 from reserves. The company's financial officer addressed last year's one-time profit contribution and explained the dividend decision-making process.

Source: YAHOO

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