HDBank has an impressive dividend payout ratio of up to 30%, making it the highest-paying bank in 2024. This is excluding Techcombank, which has not paid significant dividends for many years. HDBank has consistently led the market in dividend payouts to its shareholders over the years. At the recent Annual General Meeting, the bank proposed a dividend plan for 2025, with a projected payout of up to 30%, including a maximum of 15% in cash.
According to the published documents, for cash dividends, the ex-dividend date is July 12, 2024, with a record date of July 15, 2024. The cash dividend payment date is expected to be July 26, 2024. Shareholders listed on the record date will receive VND 1,000 per share.
Additionally, HDBank will distribute a 20% stock dividend, as approved by the Annual General Meeting. Shareholders listed on the record date will receive new shares at a distribution ratio of 100:20 (for every 100 shares held, they will receive 20 new shares). The record date for this stock dividend will be announced after obtaining the necessary approvals from regulatory authorities, expectedly in Q3 2024.
In terms of financial performance, HDBank’s Q1 2024 financial report showed a credit growth of over 6.2%, outpacing the industry. Its pre-tax profit reached VND 4,028 billion, a 46.8% increase compared to the same period last year. The bank’s return on equity (ROE) stood at an impressive 26.7%, leading the industry. HDBank also maintained high capital adequacy ratios and asset quality, ranking among the top in the industry.
For 2024, HDBank is committed to executing its strategy for sustainable growth and development (ESG). The bank aims for comprehensive and high growth across all indicators. Its profit target is set at VND 16,000 billion, a 21.8% increase from 2023. The ROE target is 24.6%, while the bank also aims to maintain a low non-performing loan ratio of below 1.5%.
