Enterprise

The Week of July 29 – August 2: A Business is About to Shell Out Over $8.6 Million in Dividends

From July 29 to August 2, 2024, a total of 14 companies finalized their cash dividend payouts. The highest dividend ratio reached 24%, meaning that for every share owned, shareholders received a substantial payout of VND 2,400.

Administrator

30 July, 2024

Calendar of Events

Companies finalising the rights to cash dividends for the week of 29/07 – 02/08/2024

The most prominent name next week is IFS (Interfood, JSC International Food Products), owner of the Wonderfarm herbal jelly brand, with a dividend payout ratio of up to 24%. With 87.14 million circulating shares, the company needs to spend more than VND 209 billion on dividends, which is also the entire amount of after-tax profit not distributed as of December 31, 2023. The ex-rights date is August 1, and payment is expected on September 9, 2024.

This is the second consecutive year that IFS has poured all of its profits into dividends for shareholders. Most of the dividends went to foreign shareholders – Kirin Holdings Singapore Pte. Ltd., a 100% investment subsidiary of Kirin (a large food manufacturer in Japan). This organization is the parent company of IFS, currently holding 95.66% of the charter capital.

Ranking second is VRG with an 18% ratio, equivalent to VND 1,800 per share. With nearly 26 million circulating shares, VRG is expected to spend about VND 47 billion to complete the payment. The ex-rights date is August 2, and the payment is expected on August 15, 2024.

In the coming week, four enterprises will finalise the rights to stock dividends, including TRS, THM, S99, and VIX. The highest ratio belongs to TRS at 20% (100:20, meaning that for every 100 shares owned, shareholders will receive 20 new shares). The ex-rights date is August 2, 2024.

Chau An