We distribute our earnings according to a balanced dividend policy. As stipulated in this policy, the actual amount of earnings distributed for each year shall be no less than 50% of the distributable earnings for the year, where the amount of cash dividends for shareholders shall be no less than 50% of the overall dividends for shareholders. CSCC's dividend payouts and shareholders' return on investment for the last three years are listed as follows:
| Year | Earnings per share | Cash dividends per share | Dividend payout ratio |
|---|---|---|---|
| 2020 | NT$3.09 | NT$2.8 | 90.61% |
| 2019 | NT$4.73 | NT$4.0 | 84.57% |
| 2022 | NT$7.33 | NT$5.0 | 68.21% |
| Year | Average closing price per share | Price-to-earnings ratio | Price-to-dividend ratio | Cash dividend yield |
|---|---|---|---|---|
| 2020 | NT$102.04 | 33.02 | 36.44 | 2.74% |
| 2021 | NT$111.52 | 23.58 | 27.88 | 3.59% |
| 2022 | NT$114.08 | 15.56 | 22.82 | 4.38% |