Evergreen's Dividend of 32.5 NT$ Amid Major Sell-off by State-owned Stocks
In May, Taiwan's weighted stock index rose by 1,112.27 points, an increase of 5.5%, closing at 21,347.3 points. Evergreen Marine Corp. (2603), one of the major shipping lines, announced a dividend of 32.5 NT$. Based on the closing price of 244.5 NT$ on May 29, the cash dividend yield reaches 13%. However, state-owned banks sold off 13,000 shares of Evergreen, withdrawing 3.13 billion NT$, prompting investors to comment, 'The elders have retreated.'
In addition to Evergreen, the state-owned banks also significantly reduced holdings in several financial stocks, including CTBC Financial, Taiwan Cooperative Bank, and First Financial Holding, all of which ranked among the top ten in net selling. According to statistics, CTBC Financial (2891) ranked first in net selling, offloading 116,861 shares.
