Ngern Tid Lor Public Company Limited, popularly known by its stock ticker TIDLOR, has made a jubilant announcement that will surely bring smiles to its shareholders. The company has decided to reward its loyal investors with a delightful interim cash dividend of 0.438 Baht per share. This amounts to a generous 40% of its net profit accrued over the first nine months of 2024. Mark your calendars, as the record date for shareholders eligible to receive this monetary gift is set for January 6, 2025, with the funds scheduled to be transferred into well-deserving pockets by January 17, 2025.
When asked about this significant decision, the Managing Director, Mr. Piyasak Ukritnukun, shared, “Our financial performance this year has been nothing short of impressive. With substantial retained earnings and strong liquidity backing us, coupled with our optimistic outlook for 2025, we believe now is the perfect moment to declare this special dividend.”
In addition to this exciting dividend news, the Board of Directors took the opportunity to discuss TIDLOR’s ongoing shareholding and management restructuring plan. They’ve already received the green light from the Securities and Exchange Commission (SEC) for the much-anticipated securities offering and the tender offer journey, although they are crossing a few more regulatory hurdles. As these processes wind their way towards completion, the timeline for the tender offer has been shifted to 2025, providing a sneak peek into the company’s strategic maneuvers.
As TIDLOR strides into the new year with confidence, its focus remains razor-sharp on propelling its InsurTech platform forward. Their ambitious growth targets in the insurance brokerage realm, coupled with a keen eye on maintaining astute cost management, stand as testaments to their commitment to excellence. The fourth quarter of 2024 saw remarkable growth, particularly within the insurance brokerage sector, and a promising revival in their lending operations. They celebrated an impressive achievement by keeping their Non-Performing Loan (NPL) ratio below 2%, a commendable feat that eclipses the industry average.
For shareholders, stakeholders, and financial aficionados keen on the nuances of TIDLOR’s restructuring plan and tender offer episodes, a visit to their informational portals at www.tidlorinvestor.com or www.set.or.th is a must. Keep a close watch as 2025 promises to be a thrilling year full of strategic advancements!
A dividend of 0.438 Baht per share isn’t groundbreaking, considering the profits they mentioned. Shareholders deserve more!
It’s a reasonable percentage considering their strategic plans. Companies need to reinvest, not just distribute profits.
I get your point, but companies need to balance growth and rewarding shareholders.
Can someone explain what a dividend is? I’m new to this stuff.
Thrilled about their InsurTech push! But why shift the tender offer to 2025, I smell something fishy.
Regulatory hurdles can be tricky, and these shifts are common in finance. Nothing fishy here!
If you say so, but transparency is key, and delays often hide something.
Keeping NPL below 2% is stellar! How many companies can brag about that?
That’s what they claim, but are the numbers audited independently?
SEC usually keeps an eye on these, but you’re right; independent audits are golden.
Great move! I hope their insurance sector continues this growth trajectory.
Insurance is risky; a small hit and these numbers could flip.
Is anyone else skeptical about their expansion pace? Feels overly ambitious.
Without ambitious steps, how will the company grow? Competition is fierce.
Seems like another corporate money grab disguised as strategy if you ask me.
Always exciting to see innovation in InsurTech! Market needs a shake-up.
Are they considering sustainability? Expansion shouldn’t come at Earth’s cost.
What they achieved with NPL is impressive, but the dividend still feels like an afterthought.
Focus should be on sustainability in dividends, not just a one-off payout.
Why are we celebrating a huge step back into traditional finance models when crypto and blockchain are the future?
Honestly, I doubt they’ll hit those 2025 goals. It’s classic corporate overpromise.
More money in my pocket come January 17th is all I care about!
Just keep dividends coming; not overly interested in restructuring plans.
Good luck with their ‘strategic ambitions.’ Market’s too volatile for such big talk.
Profit first for these companies. Shareholders are often left with crumbs for their input.
So, this moves TIDLOR towards greater growth, but what’s in it for small-time investors? Need more information.
With the way they’re leveraging the InsurTech wave, it might payoff if they execute well.
Agreed, execution is always key. It’s a watch-and-wait game.
I just love the idea of my investments growing alongside their ambitions.
Any growth must consider its environmental footprint, corporate responsibility matters more than ever!
Good news is just the bait. The hook and line are what’s hidden!