True Corporation Public Company Limited, or TRUE, has announced a dividend from its second-quarter results of 0.15 baht per share, up about 7% from the previous quarter. The company is also switching to a quarterly dividend payment schedule and revising its dividend policy to no less than 70% of net profit, up from the previous minimum of 60% of net profit. On an annualized basis, assuming the same 0.15 baht per share is paid in all four quarters, total dividends would come to about 0.60 baht per share per year, and based on a share price of 13 baht, that would give a dividend yield of about 4.6% per year. Krungsri Securities Public Company Limited expects TRUE's net profit trend to keep growing now that the company has passed its period of heavy investment to upgrade and develop its network, and it forecasts a dividend yield of about 4.8% in 2026 before rising to about 6% in 2027. As for China Mobile's sale of TRUE shares, Krungsri Securities sees limited impact, since the number of shares sold represents no more than 1% of the total, and therefore does not significantly affect the shareholder structure or long-term fundamentals.
True Corporation Public Company LimitedTRUE raises its dividend payout policy to at least 70% of net profit and moves to quarterly dividends, with Krungsri forecasting yield rising to ~6% in 2027.
Bank of Ayudhya PCL
China Mobile Limited