Mega Financial Holding revealed a record-setting dividend distribution for 2023 during a board meeting held today. The company declared a total dividend of NT$1.8 per share, composed of NT$1.5 in cash and NT$0.3 in stock dividends. This announcement comes on the heels of a robust fiscal performance, with the company’s net profit after tax reaching NT$33.2 billion —an 81% increase from the previous year.
The dividend yield, based on Mega Financial’s closing price of NT$40 per share on the same day, stands at an impressive 3.75%. This marks a significant return for shareholders, especially in light of the company’s earnings per share (EPS) of NT$2.37 for the year, which itself is a record high.
Historically, Mega Financial has shown a fluctuating yet progressive dividend trend. The company distributed cash dividends of NT$1.7 per share in 2018 and 2019, followed by a slight decrease in subsequent years. The latest dividend surpasses the previous high, setting a new benchmark for shareholder returns.
Investors have expressed optimism about the company’s financial health and future prospects, especially given the significant annual increase in profits and the strong dividend payout. Mega Financial’s strategic financial management and robust earnings growth underscore its resilience and potential for continued success in the market,
