First FHC Board Proposed Distribution of NT$0.9 Cash Dividend and NT$0.1 Stock Dividend



The Board of Directors of the First FHC approved financial statements for 2020 and resolved to recommend distribution of NT$0.9 cash dividend and NT$0.1 stock dividend per common share. The amount of total cash dividend payable and the total stock dividend payable will be NTD $11,552,220,970 and NTD $1,283,580,100 respectively. Cash payout ratio would be around 68.7% of total earnings.

Current shares are 12,835,801,078; after issuance of 128,358,010 new shares, total shares outstanding will be 12,964,159,088.

The proposition is subject to the approval of shareholders at the Annual General Meeting scheduled for June 25th, 2021.

Company Profile

As of end of 2020, First Financial Holding Co., Ltd. (TWSE: 2892) is one of the largest financial groups in Taiwan, with an asset size of NT$3.55 trillion. The Group, which totally has 44 overseas spots (not including OBU), provides corporate and individual clients with a full range of product mix including retail banking, stock brokerage, asset and wealth management, and corporate and investment banking. Subsidiary First Commercial Bank is the major profit driver and has maintained its leading positions in SME loans for years. Other core businesses include deposits, corporate loans, home mortgages, mutual-fund distributions, and bancassurance etc. It currently owns 188 branches at home along with 41 overseas branches and representative offices, including OBU and US subsidiary of First Commercial Bank (USA), which helped to explore overseas business. Subsidiary First Securities engages in brokerage, dealing, underwriting, and derivative products via its 22 operating offices around Taiwan. The assets under management by Subsidiary First Securities Investment Trust was over NT$108.6 billion. Other subsidiaries include First Life Insurance Co, First Financial Assets Management Co., First Venture Capital Co., and First Financial Management and Consulting Co.,.

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Press Release (PDF)

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