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Businesses announce cash dividend payment dates for the week of 18-22/03
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West Coach Station JSC (HNX: WCS) is the most prominent company among those that will pay cash dividends in the coming week, with a rate of 144%. On the market, WCS has 2.5 million shares currently in circulation, estimated to pay an interim dividend of 3.6 billion VND to shareholders for the year 2023. The ex-dividend date is 19/03, and the payment is expected to be made on 28/03/2024.
It is known that the expected dividend payout rate for 2023 approved by the WCS Annual General Meeting is no less than 20%. The rate mentioned is therefore higher than expected, coming from this bus station company.
WCS is well-known for being one of the most stable dividend-paying companies on the stock market. Before COVID-19, WCS consistently paid generous dividends with a rate of 400% for 2018 and 516% for 2019. However, for the past 3 consecutive years (2020, 2021, 2022), WCS was affected by the pandemic, resulting in a reduced dividend rate of only 20% (equivalent to 2,000 VNĐ per share).
In second place is Cholimex (UPCoM: CMF) with a rate of 50% – equivalent to 5,000 VNĐ per share. With 8.1 million shares in circulation, CMF needs to allocate 4.05 billion VND. The ex-dividend date is 22/03, and the payment is expected to be made on 10/05/2024. The upcoming dividend payment marks the 5th consecutive year that CMF shareholders will receive a 50% dividend.
Also with a cash dividend rate of 50% is CAP (Lam Agricultural and Food Products Yen Bai). With over 10 million shares in circulation, CAP plans to allocate over 5 billion VND for the 2022-2023 cash dividend. The ex-dividend date is 18/03, and the payment date is 30/05/2024.
In addition to cash dividends, CAP is also the only company that will pay dividends in the form of shares in the coming week. The implementation rate is 50% (shareholders will receive 50 new shares for every 100 shares held). It is estimated that the company needs to issue an additional 5 million shares, thereby increasing the charter capital to nearly 151 billion VND after the issuance. Therefore, CAP has a total dividend rate of up to 100% consisting of cash and shares.
