HDBank has announced a generous dividend policy for 2024, with a total dividend ratio of up to 30%, making it the highest-paying bank in Vietnam this year. This continues the bank’s tradition of leading the market in dividend payouts to its shareholders. At the recent Annual General Meeting, HDBank proposed a dividend plan for 2025, offering a maximum cash dividend of 15%.
According to the published documents, the ex-dividend date for the cash dividend 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 has also approved a 20% stock dividend, as per the resolution passed 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 the stock dividend will be announced after obtaining approvals from relevant authorities and is expected to fall in Q3 2024.
In terms of financial performance, HDBank’s Q1 2024 report showed impressive results. The bank achieved a credit growth rate of over 6.2%, outpacing the industry average. Pre-tax profit reached VND 4,028 billion, a remarkable 47% increase year-over-year. The bank also maintained its leadership in capital efficiency, with a return on equity (ROE) of 26.7%, while ensuring high capital adequacy ratios and asset quality, placing it among the top performers in the industry.
For 2024, HDBank is committed to implementing its sustainable growth strategy, with a focus on environmental, social, and governance (ESG) factors. The bank aims for comprehensive growth across all metrics, targeting a pre-tax profit of VND 16,000 billion, representing a 21.8% increase from 2023. HDBank also strives to maintain its ROE at 24.6% while keeping the non-performing loan ratio below 1.5%.
“HDBank Rewards Shareholders with a 30% Dividend Payout in Cash and Stock”
“HDBank (HOSE: HDB) has announced its plans to distribute a generous 30% dividend for the year 2023, comprising a 10% cash dividend and a 20% stock dividend. The bank’s Board of Directors has passed a resolution to this effect, with a dividend record date set for July 15, 2024. Shareholders can expect to receive their cash dividends by July 26, marking a significant return on their investment.”
