North East Rubber Public Company Limited announced that at its board meeting held on February 17, 2023, approved to propose to the Annual General Meeting for year 2023 to consider and approve the allocation of the net profit as legal reserve fund and the dividend payment with the details as follows: -The dividend payment for the year 2022 performance at the rate of THB 0.38 per share, which equivalents a total dividend amount of THB 702.16 million. Which when deducting the interim dividends for the results of the first six months of 2022 at THB 0.07 per share, equivalent or THB 129.34 million paid to shareholders on September 7, 2022, the company will pay dividends at THB 0.31 per share or THB 572.81 million. The dividend payout ratio is 40.17% of net profit for the year 2022 after deducting legal reserve fund.

The dividend will be paid from the net profit with exemption of tax due to privileges received from the Board of Investment (BOI). Thus, this dividend amount is not entitled for tax credit. The record date which the shareholders have the right to receive the dividend payment will be on April 21, 2023.

The dividend payment date will be on May 9, 2023. However, the right to receive the dividend still uncertain due to be approved by the Annual General Meeting for year 2023.