Lam Soon (Thailand) Public Company Limited manufactures and distributes palm oil in Thailand. The company offers cooking oil, margarine, shortening, and special fat; bakery ingredients comprising cocoa powder; avocado olive oil spray; and coconut, soybean, sunflower seed, corn, olive, blended canola, sunflower, and rice bran oil. It also provides fruits and vegetables packed in can, pouch, and glass jars; frozen fruits and vegetables; beverages and fruit juices; canned coffee; and sauces and seasonings. In addition, it is involved in the oil palm plantation activities; holding of concessions to use forest reserve land; and generation of electricity using biogases. The company was incorporated in 1974 and is headquartered in Bangkok, Thailand.
Lam Soon Dividend Announcement
• Lam Soon announced a annually dividend of ฿0.25 per ordinary share which will be made payable on 2024-05-24. Ex dividend date: 2024-03-22
• Lam Soon annual dividend for 2024 was ฿0.25
• Lam Soon annual dividend for 2023 was ฿0.19
• Lam Soon's trailing twelve-month (TTM) dividend yield is 5.02%
• Lam Soon's payout ratio for the trailing twelve months (TTM) is 45.87%
• Lam Soon's dividend growth over the last five years (2018-2023) was 1.09% year
• Lam Soon's dividend growth over the last ten years (2013-2023) was -0.51% year
Lam Soon Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-22 | ฿0.25 | annually | 2024-05-24 |
2023-03-09 | ฿0.19 | annually | 2023-04-27 |
2022-03-10 | ฿0.25 | annually | 2022-04-28 |
2021-03-10 | ฿0.22 | annually | 2021-05-10 |
2020-05-05 | ฿0.40 | annually | 2020-05-22 |
2019-05-07 | ฿0.25 | annually | 2019-05-23 |
2018-05-07 | ฿0.18 | annually | 2018-05-23 |
2017-05-03 | ฿0.10 | annually | 2017-05-23 |
2016-05-03 | ฿0.15 | annually | |
2015-04-30 | ฿0.20 | annually | |
2014-04-30 | ฿0.20 | annually | |
2013-05-02 | ฿0.20 | annually |
Lam Soon Dividend per year
Lam Soon Dividend growth
Lam Soon Dividend Yield
Lam Soon current trailing twelve-month (TTM) dividend yield is 5.02%. Interested in purchasing Lam Soon stock? Use our calculator to estimate your expected dividend yield:
Lam Soon Financial Ratios
Lam Soon Dividend FAQ
Other factors to consider when evaluating Lam Soon as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Lam Soon's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Lam Soon publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Lam Soon distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Lam Soon are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Lam Soon sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Lam Soon distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lam Soon declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Lam Soon's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Lam Soon's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.