VNDirect Joint Stock Company (code: VND) has announced a resolution of the board of directors regarding the cash dividend payment for 2023 with a ratio of 5%. Shareholders owning 1 share will receive a dividend of VND 500. The record date is September 11, and payment will be made on September 25. With more than 1.52 billion shares currently in circulation, VNDirect will spend VND 761 billion on this dividend payment.
In mid-July, VNDirect completed a 5% stock dividend issuance to shareholders, equivalent to nearly 61 million new shares issued. The capital source for this issuance came from undistributed post-tax profits on the audited separate financial statements for 2022.
The securities company also successfully sold nearly 244 million shares to existing shareholders at a price of VND 10,000 per share, thereby raising nearly VND 2,440 billion. After completing these two issuance plans, the company’s charter capital has increased to nearly VND 15,223 billion. As a result, VNDirect has become the securities company with the largest capital in the market.
Companies paying generous dividends to shareholders.
The Board of Directors of Vinamilk Joint Stock Company (Vinamilk, code: VNM) has recently issued a resolution on the cash dividend payment. Vinamilk will pay a cash dividend of 24.5%. The record date is September 25, and payment will be made on October 24. With nearly 2.09 billion shares currently in circulation, Vinamilk is expected to allocate more than VND 5,100 billion for this dividend payment.
The State Capital Investment Corporation (SCIC), Vinamilk’s largest shareholder, holding 36% of its charter capital, is expected to receive VND 1,843 billion from this dividend payment.
In September, in addition to Vinamilk, SCIC will also receive nearly VND 70 billion in dividends for 2023 from the National Reinsurance Corporation of Vietnam (code: VNR). SCIC owns more than 40% of this enterprise.
VNR has announced that the record date for determining shareholders eligible for the dividend payment is September 12, and the expected payment date is September 27. The payment ratio is 10% per share (1 share will receive VND 1,000). With nearly 166 million shares currently in circulation, this insurance company will have to spend approximately VND 166 billion on this dividend payment to shareholders.
Bibica Joint Stock Company (code: BBC) has just announced the record date for shareholders to receive a cash dividend for 2023 with a ratio of 15%, equivalent to VND 1,500 dividend per share. The expected payment date is October 10. With nearly 18.8 million BBC shares currently in circulation, Bibica Confectionery is expected to spend more than VND 28 billion on this dividend payment. From 2008 to 2017, Bibica consistently paid cash dividends to shareholders at a rate of 10-16%. However, in two consecutive years (2018 – 2019), the company decided to stop paying dividends to reinvest profits.
The most generous company in the list of upcoming cash dividend payers is Vinacafé Bien Hoa Joint Stock Company (code: VCF), with a payout ratio of 250%, meaning 1 share will receive a dividend of VND 2,500. The company has announced that the record date for determining shareholders eligible for the dividend payment is September 9, and the expected payment date is September 20. With nearly 26.6 million shares currently in circulation, Vinacafé Bien Hoa will spend nearly VND 650 billion on this dividend payment. Vinacafé Bien Hoa has a tradition of regularly paying cash dividends to shareholders at a rate of 240-250%. Notably, in 2018, the company paid out an extraordinary cash dividend of 660%.
Mango and Xemesis Sell 40% Stake in Beef Selling Avocado, Xemesis’s Brother Inherits as New Owner
The reason for the couple’s retreat to Bơ Bán Bò is revealed by Xoài Non, due to the unresolved issues of the shareholders.
Company in Ho Chi Minh City wins auction for large land plot in Da Nang
Deawon – Hoan Gau Joint Stock Company has won an auction for a land plot on Vo Van Kiet street in Da Nang City, with a price of over 147 million dong per square meter.
ICM contractor demands payment of remaining 9% for new contract to be paid to subcontractor, stakeholders respond
Lotte World has already paid 91% of the contract value, but ICM claims that they have not paid certain subcontractors, construction material suppliers, and local service providers because of the remaining 9% unpaid.
