การวิเคราะห์ผลตอบแทนจากการลงทุนหุ้นปันผลใน SETHD ของตลาดหลักทรัพย์แห่งประเทศไทย กรณีศึกษาช่วงปี 2562 – 2566

Kobchai  Nikornpittaya; Surasak  Wongpriew

doi:10.60027/iarj.2024.283065

Authors

Kobchai Nikornpittaya Faculty of Management Science, Rajabhat Maha Sarakham University, Thailand https://orcid.org/0009-0003-9758-7994
Surasak Wongpriew Faculty of Management Science, Rajabhat Maha Sarakham University, Thailand https://orcid.org/0009-0002-5492-923X

DOI:

https://doi.org/10.60027/iarj.2024.283065

Keywords:

Investment Returns, Dividend Stocks in SETHD, The Stock Exchange of Thailand

Abstract

Background and Aims: Investing in the Stock Exchange of Thailand represents a widely embraced strategy for wealth accumulation, as numerous investors seek alternatives that yield superior returns. A particularly favored investment approach involves the acquisition of dividend stocks, which not only facilitate gains through capital appreciation but also generate a consistent flow of dividend income. The aims of this article are 1) to analyze the returns associated with investments in dividend stocks within the SETHD index of the Stock Exchange of Thailand, focusing on a case study spanning the years 2019 to 2023, and 2) to offer recommendations for the selection of dividend stocks within the SETHD index of the Stock Exchange of Thailand.

Methodology: During the entirety of the case study duration, stocks within the SETHD index were selected for evaluation in both the initial and subsequent halves of the year. The analysis revealed the existence of seven corporations that satisfied the specified criteria: AP, KKP, KTB, LH, PTT, TCAP, and TISCO.

Results: Within the scope of the present analysis, two corporations exhibit dividend yields that surpass the mean of the index: LH and TISCO. Two companies demonstrate dividend payout ratios exceeding the average: LH and TISCO. Furthermore, two companies have recorded the highest net profit per share throughout the case study: TCAP and TISCO.

Conclusion: To generate favorable returns, investors must prioritize the following considerations: 1) Dividend yield by selecting equities that offer returns exceeding the benchmark index and exhibit a propensity for sustained growth in returns; 2) Dividend payout ratio by opting for stocks with a payout ratio ranging from 40-60 percent or approximating the mean to secure consistent and favorable returns; and 3) Net profit per share by choosing stocks that demonstrate persistent growth in net profit per share, as this reflects robust business operations, profit potential, and effective cost management.

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