The dividend is allocated according to the corporation capital plan in order to stably reach the operational goals. The timing, methods and amount of dividend pay out in the future are listed below:
Timing and amount of dividend allocation
The Board of Directors will allocate retained earning at the end of each fiscal year considering the corporation profits and the operational needs in the future which will follow the corporate laws and security trading regulations. If there’s a retained earning after each fiscal year, other than paying the expense of income tax and redeem the deficiency in the past, the corporation will distribute 10% as statutory reserve in the interest of shareholders, and allocate 2% of the retained earnings as profits for Board of Directors, 8-15% as employees bonus and allocate at least 50% as operation distribution after adding the accumulated retained earning last year.
Dividend Issuing Methods and Categories
The two methods in issuing dividend are to add to capital or pay as cash, within which the ratio of cash dividend shall not be lower than 10% yet if each stock of cash dividend is lower than 0.2 dollars (included) should be issued as stock dividend. Any situations not regulated in this policy should follow the rules and regulations of corporation laws, Security Exchanging Laws and the provision of the Constitution of the Company.
The amount and distribution methods of 2009 profits are: cash dividend is NT$4.0 per share approved by the shareholders' Meeting.
YEAR Cash Dividend Stock Dividend from Total Retained Earnings Capital Surplus 2009 4.0 0 0 4.0 2008 3.2 0 0 3.2 2007 3.9 0.2 0 4.1 2006 4.2 0.3 0 4.5 2005 3.5 0.2 0 3.7 2004 2.6 0.4 0 3 2003 2 1 0 3 2002 1.2 0.8 0 2 2001 0 0.5 0 0.5 2000 0 1 0 1 1999 0 1.1 0.65 1.75 1998 0 1.6 0.5 2.1 1997 0 2 0.75 2.75 1996 0 2 0 2 1995 0 2 0.97 2.9
If there’s insufficient allocation of fractional shares, shareholders should find a way for combination within 5 days of the benchmarks. If the fractional shares are still insufficient after the 5 days, the corporation will pay out cash according to the Article 240 of the Corporation law and authorized the representatives of Board of Directors to purchase the face value. The rights and obligations of new stock shares are equal to those of original ones.
What to do in order to participate in Everlight Electronics’ dividend payment?
A shareholder must own our shares through the day before the ex-dividend date to be entitled to the proposed dividend payment.
What are the dividend policies of Everlight Electronics'?
According to Article 177-1 of Company Act, the voting power at a shareholders' meeting may be exercised in writing or by way of electronic transmission, however, with the methods of exercising the voting power shall be described in the shareholders' meeting notice to be given to the shareholders.