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Companies Finalizing Dividend Payouts in Week 12-16/08
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The company with the highest dividend payout ratio for the upcoming week is FT1, a vehicle parts dealer.
The ex-dividend date is set for August 16th. With a payout ratio of 37% and approximately 7.1 million shares in circulation, the company is expected to distribute over VND 26 billion in dividends. The parent company, Vietnam Engine and Agricultural Machinery Corporation (UPCoM: VEA), which holds a 55% stake, will receive nearly VND 9 billion.
The ex-dividend date is August 16, 2024, and the payment date is scheduled for September 18, 2024.
Since its listing on the UPCoM in 2017, FT1 has consistently paid dividends in cash, maintaining a relatively high ratio of over 32%. The highest dividend ratio reached 45% in 2021.
The second notable company is ACE, offering a dividend ratio of 25% (VND 2,500 per share) to its shareholders. With more than 3 million shares in circulation, the company is estimated to pay out VND 7.6 billion in dividends. The ex-dividend date is August 14, 2024, and the dividend will be paid out in two installments. The first installment, with a 15% ratio, will be paid on September 20, followed by the remaining 10% on October 22, 2024. Including the first dividend installment of 10% paid earlier this year, the total dividend ratio for ACE in 2023 reaches 35%, fulfilling the plan approved by the Annual General Meeting of Shareholders.
The majority of ACE‘s dividends will go to Vietnam Industrial Construction Joint Stock Corporation (UPCoM: VVN), the parent company that owns 50.69% of ACE’s capital. Currently, Mr. Tran Anh Tuan serves as the Chairman of the Board of both companies.
ICD Tan Cang Song Than (UPCoM: IST) ranks third with a dividend payout ratio of 23% (VND 2,300 per share), requiring a total payout of over VND 27.6 billion. The ex-dividend date is August 15, 2024, and the payment date is scheduled for August 30, 2024.
In the upcoming week, two companies will finalize the dividend payout in shares: TN1 (10%) and HSL (9%). The respective ex-dividend dates are August 16 and August 15, with TN1 issuing nearly 5 million new shares and HSL issuing approximately 3.2 million new shares.
