Kwong Lung Enterprise Co., Ltd. Announces Adjustment of Dividend Payout Ratio
August 02, 2021 at 03:37 am EDT
Share
Kwong Lung Enterprise Co., Ltd. announced that Due to execution of Employee Stock Option,which cause the total outstanding shares changed. The Chairman is authorized by Shareholders' meeting to make an adjustment on cash dividend distribution. Type and monetary amount of dividend distribution after the change is: Preferred share A dividend is TWD 2.5 per share in cash. The total amount is TWD 45,500,000 The cash dividend is TWD 1.83920793 per common share in cash. The total amount is TWD 241,399,409 The cash distribution from capital surplus is TWD 1.15950065 per common share in cash. The total amount is TWD 152,186,584 against original dividend distribution Preferred share A dividend is TWD 2.5 per share in cash. The total amount is TWD 45,500,000 The cash dividend is TWD 1.84 per common share in cash. The total amount is TWD 241,399,409 The cash distribution from capital surplus is TWD 1.16 per common share in cash. The total amount is TWD 152,186,584.
Kwong Lung Enterprise Co., Ltd. is a Taiwan-based company principally engaged in the cleaning and processing of down materials, as well as the processing of garments. The company is also engaged in the manufacture and sales of feather bedding and home textile products. The company's garments mainly include jackets, warm clothes, outdoor functional sleeping bags and military clothing. The Company mainly distributes its products in Asia, the Americas and other markets.