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Companies Finalizing Dividend Payouts in Cash for the Week of 16-09-2024 to 20-09-2024
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The most prominent name for the upcoming week is An Giang Mechanical Engineering (UPCoM: CKA), finalizing the rights of a 50% cash dividend payout, the highest rate since its UPCoM listing. The ex-dividend date is September 16, with an expected payment date of October 3, 2024.
With nearly 3.3 million shares in circulation, CKA requires over VND16 billion in payouts. The majority of this sum will go to the Vietnam Engine and Agricultural Machinery Corporation – Joint Stock Company (VEAM, UPCoM: VEA), the major shareholder currently holding 47.41% of CKA‘s charter capital.
Ranking second is HAT, with a dividend rate of 30%, translating to VND 3,000 per share. Given more than 3.1 million shares in circulation, HAT is estimated to disburse over VND 9 billion in dividends to shareholders. The ex-dividend date falls on September 20, with an expected payment date of October 23, 2024.
Habeco (Hanoi Beer Alcohol Beverage Joint Stock Corporation), the parent company and largest shareholder of HAT, holding 60% of its capital, is projected to receive nearly VND 6 billion in dividends from its subsidiary.
Looking back at HAT‘s dividend history from 2011 to 2023, except for 2016 when no dividends were distributed, HAT consistently paid out cash dividends to shareholders in the remaining years, with a minimum rate of 5% (in 2021) and a maximum of 40% (in 2022).
Additionally, three businesses will finalize a 20% dividend payout next week: SMB, VGR, and SZL. The respective ex-dividend dates are September 17, 18, and 20, 2024, with expected payouts in early October.
In the week ahead, two companies will finalize dividend payouts in shares: HDC and EIB. HDC will finalize the rights to a 15% payout (100:15, meaning for every 100 shares held, investors will receive 15 new shares), expected to issue over 23 million new shares. EIB, on the other hand, will finalize a 7% payout (100:7, or 7 new shares for every 100 shares held), expecting to issue nearly 122 million new shares. The respective ex-dividend dates are September 16 and 19, 2024.
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