Letsnewz.

Letsnewz.

14 Financial Holding Companies Compete in Dividends! Cathay Financial Offers NT$3.5, Fubon Financial Sets a Record with NT$4.5

14 Financial Holding Companies Compete in Dividends! Cathay Financial Offers NT$3.5, Fubon Financial Sets a Record with NT$4.5

The financial sector, popular among dividend investors, has revealed its full dividend distributions. Fubon Financial (2881) announced on the 2nd that it had a net profit of NT$150.82 billion for the year 2024, with an EPS of NT$10.77, and plans to distribute a cash dividend of NT$4.25 and a stock dividend of NT$0.25, totaling NT$4.5, setting a new historical high. In comparison, Cathay Financial (2882) has declared a dividend of NT$3.5, with a cash yield of 5.96%, taking the top spot in the financial holding sector.

Fubon Financial Holding achieved impressive net profits last year, securing its title as the EPS champion among financial holdings for 16 consecutive years. Its subsidiary, Fubon Life, also reported a record net profit of NT$102.66 billion and total assets of NT$613.85 billion. The board of directors decided to distribute NT$4.5 per share, which based on the closing price of the 2nd, equates to a cash yield of 5%. In the ranking of cash dividend yields for financial stocks as of the 2nd's closing price, Cathay Financial ranked first, followed by CTBC Financial (2891) with a cash dividend of NT$2.3 and a yield of 5.71%, and Taishin Financial (2887) with a cash dividend of NT$0.9 and a yield of 5.47%. Additionally, KGI Bank (2883) distributed NT$0.95, yielding 5.16%, while Fubon Financial ranked fifth with its NT$4.5 dividend.