TISCO Jumps Nearly 6% after Offering High-Than-Expected Dividend at Bt6.30

TISCO Jumps Nearly 6% after Offering High-Than-Expected Dividend at Bt6.30/share.

The share price of Tisco Financial Group Public Company Limited (TISCO) rose ฿5.25/share or 5.82% to trade at ฿95.50/share as of 11:49 local time on Thursday.

 

DBS Vickers Securities gave a “BUY” recommendation on TISCO with a target price of ฿110.00/share, while raising TISCO as one of the top picks in commercial banks, citing strong funding companies with high ROE and attractive dividend payment.

TISCO announced a dividend payment of ฿6.30/share on May 17, 2021. The ex-dividend date is April 28, 2021. The value of TISCO’s dividend payment was higher than anticipated, representing a 7% yield from yesterday’s closing price.

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