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Dividend Payment Schedule (Cash) for the Week of 06/05-10/05
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The standout company for next week is Coal Transportation and Processing Corporation in the Northeast (UPCoM: VDB). The business has set its record date for distributing dividends in 2023 at a rate of 53.36%. This translates to VND 5,336 per share owned, the highest level ever. With approximately 8.7 million shares outstanding, it is estimated that VDB will need around VND 30 billion to complete the dividend distribution. The ex-dividend date is May 7, and the payment date is expected to be May 24, 2024. The parent company, Dong Bac Corporation (51% ownership), will receive over VND 15 billion from this distribution.
The most notable aspect of VDB is its market price. In the market, VDB has zero liquidity and a share price of only VND 900. This means that the dividend paid out by VDB is almost six times the market price, resulting in a dividend yield of approximately 600%. In the past, VDB has also paid generous dividends, with over 50% in 2022 and almost 25% in 2021.
Equally prominent next week is PTG (Phan Thiet Export Garment Joint Stock Company), which has set its record date for distributing the first dividend of 2024 at a rate of 50% (VND 5,000 per share). With more than 4.9 million shares outstanding, PTG is estimated to need close to VND 25 billion to execute. The ex-dividend date is May 10, and the payment date is expected to be June 13, 2024.
The dividend declared by PTG also significantly exceeds its market price. In the market, this stock has almost zero liquidity, and its share price is a mere VND 500, which is one-tenth of the upcoming dividend, resulting in a dividend yield of 1,000%. Historically, PTG has been a company that consistently delivers high dividend payments in cash over the years. Since 2014, the lowest dividend rate for PTG was 20%, and the highest was 120% (in 2018, 2020, and 2022).
Two other companies, QSP and QST, will set their record dates for dividend payments of 20% (VND 2,000 per share) next week.
In addition, only one company, TCI, will set its record date for a stock dividend at a ratio of 200:29 (14.5%), meaning that shareholders with 200 shares will receive 29 new shares. The ex-dividend date is May 10, and the company expects to issue approximately 14.6 million additional shares.
