Sino-American Silicon Products Inc. has approved a cash dividend of NT$6.5 (US$0.21) per share despite reporting a 45.7% drop in net profit for 2024, according to a board meeting announcement. The Taiwan-based company reported annual net income of NT$5.35 billion (US$169 million), down from the previous year primarily due to valuation changes in subsidiary GlobalWafers’ holdings in Siltronic AG.
The board approved a second-half dividend of NT$3.5 per share, totaling NT$2.24 billion (US$70.7 million). Combined with the NT$3 per share distributed in the first half, the full-year dividend represents a 70% payout ratio and a 5% yield based on the company’s closing share price of NT$126.
Annual revenue declined 2.8% to NT$79.68 billion (US$2.52 billion), while operating profit fell 13.4% to NT$16.11 billion (US$509 million). Gross profit margin contracted to 30.5% from higher levels in 2023.
The company noted that excluding non-operational impacts related to its subsidiary’s Siltronic stock holdings and associated exchangeable bonds, SAS Global’s adjusted net profit margin would have been 19.15%, with earnings per share of NT$12.29 (US$0.39).
The semiconductor materials provider has maintained substantial shareholder returns despite industry headwinds, with the dividend decision reflecting an effort to reward long-term investors amid challenging market conditions.
