DMT: steady dividends and new motorway bids offset softer traffic
Dividend appeal stays strong DMT keeps paying quarterly dividends, with a total interim payout of 0.446 baht per share for the first half of 2026 and a full-year yield expected near 6.8-7.3%. For income-focused investors, that steady cash return supports the share price even when profit growth is flat.
Dividends are the main reason investors hold DMT and directly support its price.
Profit flat as tourist traffic slows Second-quarter net profit was 238 million baht, slightly below last year, and first-half profit rose only modestly to 525 million baht. Fewer foreign tourists and lighter traffic are a real drag, though the company still stays profitable and keeps paying dividends.
This is the core earnings picture and the main counterweight to the positive dividend story.
New subsidiary and motorway bid pipeline DMT set up a subsidiary, Southern Gate Motorway, and is preparing to bid for the M5 and M9 motorway projects, with tenders expected in late 2026. Winning would expand its tollway portfolio and add long-term value, though nothing is won yet.
New business expansion is the main medium-term growth catalyst behind the stock.
Flood toll waiver hits near-term revenue DMT extended free use of the Don Mueang Tollway until 29 September 2026 to help motorists during heavy flooding, and warned that Chaeng Watthana and Lak Si toll plazas are deeply flooded. The company forgoes toll income during this period.
This is the newest event and a direct, if temporary, hit to toll revenue.