**Vietnamese Companies Declare Dividends for the Week of September 16-20, with a Range of Payout Ratios and Methods**
According to statistics, 31 companies announced dividend lock-in dates for the week of September 16-20. Of these, 25 companies will be paying cash dividends this week, with rates ranging from a high of 50% to a low of 1%. Additionally, three companies will be issuing stock dividends, and three others will be offering a combination of cash and stock dividends.
An Giang Mechanical Joint-Stock Company (coded CKA) has just announced a 50% cash dividend for 2023 (owners of one share will receive VND 5,000), the highest dividend ratio ever received by CKA shareholders. The ex-dividend date is September 16.
With nearly 3.3 million shares in circulation, this mechanical company will pay out over VND 16 billion in dividends, with the payment date set for October 3. VEAM – coded VEA, the Vietnam Engine and Agricultural Machinery Corporation, will receive the majority of the dividends owing to its 47.41% stake in CKA.
On September 18, Saigon – Central Vietnam Beer Joint Stock Company (coded SMB) will finalize its list of shareholders to implement the second 2024 cash dividend with a rate of 20% (corresponding to VND 2,000 per share). SMB plans to pay dividends on October 3, 2024.
With nearly 30 million shares in circulation, SMB is expected to spend VND 60 billion on shareholder payments.
VIP Green Port Joint Stock Company (coded VGR) announced that on September 19, it will finalize the first 2024 dividend for shareholders. VSC, the parent company, will receive the corresponding VND 94 billion. The dividend will be paid in cash, with a ratio of 20% (equivalent to VND 2,000 per share). The expected payment date is October 3.
With 63.25 million shares in circulation, Green Port VIP is estimated to pay out approximately VND 126.5 billion in interim dividends for 2024 to its shareholders. Previously, the 2024 Annual General Meeting of Shareholders of VGR approved a dividend ratio for 2024 of no less than 20% of charter capital.
Vietnam Export Import Commercial Joint Stock Bank (coded EIB) finalized its list of shareholders to pay a 3% cash dividend (VND 300 per share). The record date is September 20, and the payment date is expected to be October 4, 2024.
With over 1.7 billion shares in circulation, the bank is estimated to pay out nearly VND 522 billion for this dividend round. This is the first time in a decade that Eximbank has paid cash dividends. The last time Eximbank shareholders received cash was in June 2014.
In addition, the bank plans to issue an additional 121.9 million new shares with a ratio of 7% (for every 100 shares held, shareholders will receive 7 new shares). If the issuance is successful, Eximbank’s charter capital will increase from VND 17,469 billion to VND 18,688 billion.
“Playing” High-Dividend Micro-Cap Stocks
Many organizations and individuals hold a modest number of shares in companies with a small capital base and market capitalization, but these shares offer an impressive dividend yield of 20% to 50%.
