Tatung Co. is reviving dividend payments for the first time in 23 years after reporting a 350% surge in 2024 profit driven by strong performance in its power equipment business.
The Taiwanese industrial conglomerate’s board approved a cash dividend of NT$2.95 (US$0.09) per share, representing a 7% yield based on current share prices. The company plans to eventually move to semi-annual dividend distributions.
Net income attributable to the parent company reached NT$14.48 billion (US$459 million) for 2024, up 4.5 times from the previous year, with earnings per share of NT$6.46. Annual consolidated revenue fell 5% to NT$47.48 billion (US$1.5 billion), as the company adjusted its electronic manufacturing services business.
Despite revenue headwinds, operating profit jumped 8.4 times to NT$11.76 billion (US$373 million), with fourth-quarter earnings per share hitting NT$3.46.
Tatung cited strong performance in its core power business segment, where motors and energy-efficient air conditioners saw sales growth. Cable and heavy electrical equipment businesses recorded double-digit revenue increases amid global infrastructure spending to strengthen power grids and support growing electricity demands from AI applications.
The company indicated it will focus on integrating power equipment and home appliance needs into real estate development projects while expanding its power and new energy business overseas, particularly in Japan, Southeast Asia, the United States and the Middle East.
