Taiwan Mobile (TWM), one of the top-three operators of mobile communication services in Taiwan, plans to distribute a dividend per share of NT$2.54 (US$0.08), all in cash, for its 2007 business operations, according to the company.
TWM's board of directors, at a meeting on January 31, approved an amount of NT$7.602 billion for dividend distribution, translating into NT$2 per share based on the volume of common shares after the company downsizes its paid-in capital.
Since the board also approved the company's proposal that treasury stock (a 21.4% stake held by TWM's subsidiary Taiwan Fixed Network) would not participate in the dividend distribution, the dividend to be distributed among other shareholders increased to NT$2.54 per share, TWM explained.
Article translated by Adam Hwang
