According to AE’s AoA, dividends may only be distributed in accordance with the company’s financial capability as determined by the decisions of the Annual General Meeting of Shareholders (AGMS). The company will declare dividends with respect to: 1) the operating income, cash flows, capital adequacy and the financial condition of the company and its subsidiaries for reaching optimum growth in the future; 2) the required fulfillment of reserve funds; 3) the company and its subsidiaries’ obligations based on agreements with third parties (including creditors); 4) the compliance with the prevailing laws and regulations, and the AGMS approvals.
The 2020 AGMS approved a total dividend payment of US$250 million, equivalent to 62% of the 2019 fiscal year net profit of US$404 million. The management is committed to give return to the shareholders by way of paying a cash dividend every year. AE have paid a total dividend of US$1.6 billion, with a dividend payout ratio of around 42%.
In the 2021 AGMS, the shareholders approved a total dividend payment of US$147 million, equivalent to 99% of the 2020 fiscal year’s net profit.
Dividend Distributions Since IPO
|2008||USD 79,784,047||USD 35,523,233||USD 0.00111||42.54%|
|2009||USD 464,403,637||USD 102,951,487||USD 0.00322||21.24%|
|2010||USD 245,365,981||USD 113,368,439||USD 0.00354||43.98%|
|2011||USD 552,102,976||USD 259,086,293||USD 0.00810||47.08%|
|2012||USD 385,347,573||USD 117,068,621||USD 0.00366||30.38%|
|2013||USD 231,230,611||USD 75,167,011||USD 0.00235||32.51%|
|2014||USD 178,161,857||USD 75,486,870||USD 0.00236||42.37%|
|2015||USD 152,440,533||USD 75,486,870||USD 0.00236||49.52%|
|2016||USD 334,623,054||USD101,075,640||USD 0.00316||30.21%|
|2017||USD 483,297,251||USD 250,130,223||USD 0.00782||51.75%|
|2018||USD 417,720,357||USD 200,232,122||USD 0.00626||47.93%|
|2019||USD 404,191,605||USD 250,130,223||USD 0.00782||61.88%|
|2020||USD 146,926,387||USD 146,815,566||USD 0.00459||99.92%|