According to statistics, 24 companies announced dividend lock-in dates for the week of August 19–23. Of these, 20 companies will be paying cash dividends this week, with rates ranging from a high of 30% to a low of 2%. Additionally, two companies will be issuing stock dividends, one will be distributing bonus shares, and one will be offering a combination of dividends.
Coninco (CNN), a leading construction consulting firm, recently announced that August 19 will be the ex-dividend date for its 2023 cash dividend payment. The dividend rate is set at 12.15% per share, with a payment date expected on September 16. With 8.8 million shares outstanding, Coninco is projected to distribute approximately VND 11 billion in dividends for this period.
Notably, this dividend rate marks the highest cash dividend payout in the company’s history. Prior to this, Coninco has consistently paid out cash dividends to its shareholders since its listing, with rates ranging from 8.5% to over 10%.
DPM, a leading fertilizer company, has announced that August 22 will be the record date for its 2023 cash dividend payment. The dividend rate is set at 20% per share, equivalent to VND 2,000 per share, and the expected payment date is September 24. With over 391 million shares outstanding, the company will distribute approximately VND 783 billion in dividends for this period. This payout completes DPM’s 2023 dividend plan as approved by shareholders at the annual general meeting. For 2024, the approved dividend rate is set at 15%.
VIB, a leading international bank in Vietnam, has declared August 23 as the ex-dividend date for its share bonus issue. The bank will be issuing nearly 431.3 million bonus shares to its shareholders from its owner’s equity reserves, equivalent to a 17% ratio (for every 100 shares held, shareholders will receive 17 new shares). The total value of the issuance, at par value, is VND 4,312.6 billion, sourced from the supplementary capital reserve and undistributed post-tax profits as of the end of 2023. Following this issuance, VIB’s chartered capital is expected to increase by nearly VND 4,313 billion.
MA1, a prominent equipment supplier, has announced a cash dividend payout for 2023 at a rate of 30%, with a payment date of September 4. The ex-dividend date is set as August 22. With nearly 5.3 million shares outstanding, the company will distribute approximately VND 16 billion in dividends for this period.
Many businesses pay cash dividends immediately after Tet
After the Lunar New Year in 2024, many companies listed on the stock market will distribute dividends to investors. The banking sector stands out with its generous cash dividend payment.
Which companies’ shareholders will receive cash dividends at the beginning of 2024, Year of the Wood Horse?
In the beginning of the year 2024, numerous businesses will be paying dividends in cash. This is delightful news for the shareholders who hold stakes in these companies.
