Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
Taiwan's COVID-19-induced annual general meeting (AGM) shift
this year has impacted nearly all (except one case) the AGMs, but
not all the ex-dividend dates (XDs, around 66%). The
dividend approval policy (AGM or board approval)
adopted by each company played a decisive part in XD shift.
There was a clearly defined legal boundary that presented an
option for companies paying cash dividends only (87%) to shield XD
risk during this year's crisis, but only
34% of companies amended the change in
the articles of incorporation ahead of time.
The XD pattern of companies with board approval policy were
therefore not impacted by the crisis and we forecast their FY 2021
XDs with a high confidence rank, with
just a few exceptions.
Companies with an AGM approval policy, however, managed the
crisis through varying strategies under
the same goal of giving as much clarity on XDs as possible.
Companies that maintained a historical AGM-XD gap or fixed XDs
close to the same date with last year are believed to follow the
pattern before the crisis for FY 2021's XDs with a
medium confidence rank. Companies that
flexibly fixed their XDs within one to two weeks after the new AGM
(earlier than the AGM-XD gap) this year are estimated to follow the
FY 2019's XDs pattern as well, but with a low
confidence rank.
For more information, please contact
dividendsapac@ihsmarkit.com
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
S&P Global KY3P® is proud to co-sponsor Vendor & Third Party Risk USA with our own Peter Pernebo speaking on 1 June… https://t.co/x9Sj4WxoBJ
May 12
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fmsci-taiwan-index-case-study-covid-19-induced-ex-dividen.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fmsci-taiwan-index-case-study-covid-19-induced-ex-dividen.html&text=MSCI+Taiwan+Index-+A+case+study+on+the+COVID-19-induced+ex-dividend+date+disruption+%7c+IHS+Markit+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fmsci-taiwan-index-case-study-covid-19-induced-ex-dividen.html","enabled":true},{"name":"email","url":"?subject=MSCI Taiwan Index- A case study on the COVID-19-induced ex-dividend date disruption | IHS Markit &body=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fmsci-taiwan-index-case-study-covid-19-induced-ex-dividen.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=MSCI+Taiwan+Index-+A+case+study+on+the+COVID-19-induced+ex-dividend+date+disruption+%7c+IHS+Markit+ http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fmsci-taiwan-index-case-study-covid-19-induced-ex-dividen.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}