According to records on stock exchanges, in 2023, about 750 companies are expected to distribute dividends in cash and stocks. Majority of the dividends (10% – 20%) will be paid in cash.
The main proportion of dividend payouts will be between 40% and 70%. Notably, some companies will pay dividends over 100%.
One of the noteworthy companies is Yen Bai Food and Agricultural Products Joint Stock Company (stock code: CAP), which is engaged in gold trading. The company has an average daily revenue of 2 billion VND and its stock price continuously reaches new highs, currently exceeding 100,000 VND per share.
The company announced on March 19th that it will finalize the list to distribute annual dividends for the period of 2022-2023 with a ratio of 100%, including 50% in cash and 50% in stocks.
Investors should consider stocks with high dividends
During the financial year 2022-2023 (from October of the previous year to September of the following year), CAP achieved a revenue of 611 billion VND and a post-tax profit of 114 billion VND. Among its business areas, cassava starch is the largest revenue-generating product with 404 billion VND. The wallpaper and gold trading segments brought in 191 billion VND and 68 billion VND, respectively.
The industry giant in plastics is Binh Minh Plastics Joint Stock Company (stock code: BMP). In 2023, the company announced a two-phase dividend payout with a ratio of 118% (including the previous phase in 2022).
It is known that Binh Minh Plastics Joint Stock Company attracted a large investment from a Thai conglomerate. In 2023, the company achieved its best-ever profit with a revenue of 5,156 billion VND and a net profit of 1,042 billion VND – a 50% increase compared to the same period of the previous year.
In 2022, the company allocated 99% of its post-tax profit to distribute cash dividends, with a dividend payout ratio of up to 84%.
In the pharmaceutical industry, Pharmedic Pharmaceutical and Medicinal Materials Joint Stock Company (stock code: PMC) also distributes lucrative dividends with a ratio of 156%, divided into 5 phases (3 phases for 2023 and 2 phases for 2022). However, PMC stock has low liquidity and very few transactions on the HNX exchange.
Pharmedic Pharmaceutical and Medicinal Materials Joint Stock Company is over 43% state-owned. At the 2024 Board of Directors’ Resolution, the company agreed on an annual revenue of less than 500 billion VND and a profit of 91 billion VND.
Another surprising stock for investors is FBC of Pho Yen Mechanical Joint Stock Company. The company has a charter capital of 37 billion VND and its main activity is machinery manufacturing. The company announced a dividend payout ratio of 120%, yet the price per share is only 3,700 VND.
Some other companies with relatively high liquidity have dividend payouts above 50%. For example, PetroVietnam Fertilizer and Chemicals Corporation (stock code: DPM) pays a dividend of 70%; A Vuong Hydro Power Joint Stock Company (stock code: AVC) pays 96% dividend; IDICO Petroleum Construction Investment Joint Stock Company (stock code: ICN) pays 95% dividend; Central Pharmaceuticals Company No. 3 (stock code: DP3) pays 80% dividend…
