AUO (2409-TW), a major panel manufacturer, held a major press conference today (28) to announce that the board of directors will distribute about 55.77 billion yuan in shareholder remuneration in the next three years, and at the same time reduce the capital by 20%. It is expected to allocate 1 yuan per share this year. Cash dividends, plus cash capital reduction of 2 yuan per share, total shareholders can get back 3 yuan in cash per share. AUO is expected to issue 28.82 billion yuan in dividends this year, and the remaining dividends are expected to be distributed in 2023 and 2024.
AUO stated that it is committed to providing stable and clear shareholder remuneration in the next three years to enhance long-term shareholder equity and corporate value. It is estimated that the total planned distribution remuneration from 2022 to 2024 will not be less than a total of NT$55.77 billion, of which 2022 will be NT$28.82 billion will be distributed, and the rest will be distributed in 2023 and 2024.
AUO explained that this year’s shareholder remuneration will be distributed in a cash dividend of 1 yuan per share and a cash dividend of 2 yuan per share, with a total of 3 yuan in cash dividends per share to be distributed. Favorable tax burden, adjustment of capital scale to support operational transformation.
AUO added that the shareholder remuneration in 2023 and 2024 will be calculated at NT$26.95 billion and the total number of shares issued after the capital reduction in 2022. It is expected that a cash dividend of 3.5 yuan per share will be issued in the next two years. AUO emphasized that the overall financial structure is sound, The three-year shareholder compensation plan will not affect future investment plans and funds required for operations.
AUO’s cash reduction this year totaled about NT$19.248 billion, and about 1.924 billion shares were eliminated. Calculated based on the actual total number of issued shares, the capital reduction ratio was about 20%, and the share capital after the capital reduction was NT$76.993 billion.
