Dividend Ex-Dates for the Week of Feb 26-Mar 1: Cash dividends of up to 20%

According to statistics, 6 businesses announced dividend payouts during the week of February 26th – March 1st, 4 of which paid dividends in cash, with the highest being 20% and the lowest being 1%. The remaining two businesses exercised their right to buy shares.

FECON Joint Stock Company (FCN stock code) is preparing to pay the first dividend for 2022 in cash at a rate of 1% (equivalent to receiving 100 VND for each share owned). The last registration date to finalize the shareholder list is on February 27th – the ex-dividend date will be on February 26th, 2024. With over 157.4 million outstanding shares, FECON is expected to spend around 1.57 billion VND to make this first dividend payment. The expected payment date is on March 29th, 2024.

Also in the resolution, FECON approved the dividend payment plan for 2022 at a rate of 5%. The source of payment will come from the company’s after-tax profits. After completing the payment of this first installment, FECON is expected to make the remaining 4% payment in December 2024.

In terms of shareholder structure, Raito Kogyo Joint Stock Company and Red One Infrastructure Investment Fund are the two largest shareholders, holding 25.51% and 10.16% respectively of the capital at FCN, estimated to earn about 400 million and nearly 160 million VND for this first dividend payment.

FPT Telecom Joint Stock Company (FPT Telecom) will make an advance payment for the first dividend of 2023 in cash at a rate of 20% (1 share will receive 2,000 VND). The ex-dividend date is on February 28th, 2024 and the payment date is on March 29th, 2024. With over 492.5 million outstanding shares, FPT Telecom is estimated to need over 985 billion VND for this dividend payment.

Looking back at history, FPT Telecom has never failed to pay cash dividends to its shareholders, with rates ranging from 20-30% per year. Previously, the total dividend rate for 2022 was 30% in cash. In 2023, the company expects the dividend rate to be no less than 20%.

Binh Dinh Books and Equipment Joint Stock Company (BDB stock code) announced that on March 1st, it will finalize the temporary shareholder list for the advance dividend payment of 2023 in cash at a rate of 8%, i.e. 1 share will receive 800 VND.

Thus, with nearly 1.1 million outstanding shares, BDB will spend approximately 1 billion VND to carry out this dividend payment. The expected dividend payment date is June 20th, 2024.