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30 VTech Holdings Ltd Annual Report 2013
Investor Relations
Shareholder Value
VTech has continued to enhance shareholder value
through a combination of share price performance and
dividend payments.
Share Price Performance
In the financial year 2013, the highest closing price of VTech’s
shares was HK$101.00 (3 April 2012) and the lowest closing
price was HK$79.15 (24 May 2012).
VTech’s share price has shown significant appreciation over the
past decade. The rise has been consistent with the exception of
2008 – 2009, when the stock price fell sharply in line with the
universal sell-off in equities that was precipitated by the global
financial crisis.
Dividend Payments
* Included a special dividend of US30.0 cents per ordinary share
VTech Share Price in Last 10 Years
(1 April 2003 – 31 March 2013)
Source: Bloomberg
120
100
80
60
40
20
0
HK$
Profit Attributable to Shareholders of the Company and Dividend Payout Ratio in Last 10 Years
120
100
80
60
40
20
0
Profit attributable to shareholders of the Company (US$ million) Dividend payout ratio (%)
420
350
280
210
140
70
0
US$ million %
46.3
56.9
215.7
143.2
206.5 202.0 191.9 202.3
128.8
182.9
VTech has striven to build long-term relationships with shareholders and
investors through active engagement over the last 20 years. We maintain
an open dialogue with institutional and retail investors to ensure a full
understanding of our corporate strategies, business development and outlook.
05 060403 07 08 09 10 11 12 13
The Company’s dividend payout ratio is linked to its operating earnings performance, financial position and future investment
opportunities. The dividend payout ratio in the financial year 2013 amounted to 99.0% of the profit attributable to shareholders of
the Company, against 99.1% in the previous financial year.
During the past ten years, VTech has provided a sustainable return to shareholders.
05 0604 07 08 09 10 11 12 13
48.8
53.3
105.0*
71.6
91.3
93.7 96.2 99.1 99.0
59.3
vtech.indb 30 13年5月29日 上午3:19