This is PSP’s first cash dividend payout since 2021. With 40 million common voting shares, the company will distribute 8 billion VND this time, drawn from accumulated undistributed post-tax profits up to the end of 2023.
Accordingly, the parent company, Vietnam Petroleum Technical Services Joint Stock Corporation (PTSC, HNX: PVS), will receive over 4 billion VND.
On the eve of the dividend payment, PSP welcomed a new major shareholder, Vsico Shipping Joint Stock Company, which acquired more than 8.8 million shares (increasing its stake from 0.05% to 22.1%) and will receive nearly 1.8 billion VND in dividends. Similarly, major shareholder Hai Minh Joint Stock Company timely raised its ownership in PSP from 4.86% to 6.04%, entitling it to approximately 483 million VND.
New major shareholder of PSP revealed
PSP’s shareholders previously approved a dividend payout ratio of 3% of charter capital for 2024, equivalent to 300 VND per share. The company’s performance this year has been relatively positive, achieving 66% of its target after nine months and earning approximately 6 billion VND, setting an important foundation for next year’s dividend payout.
On December 27, PSP also plans to hold an extraordinary general meeting for 2024 in a physical format to approve the proposal on the Board of Directors’ personnel and the amendment and supplementation of business lines. The record date is set as December 2, 2024.
Earlier, on November 12, two key personnel, Mr. Phan Van Hung and Mr. Nguyen Kim Duong Khoi, submitted their resignations from the Board of Directors due to personal reasons. While Mr. Hung has served on PSP’s Board since April last year, Mr. Khoi was only appointed in June this year.
From left to right: Mr. Phan Van Hung and Mr. Nguyen Duong Kim Khoi. Source: PSP
|
The Power of Persuasive Writing: Crafting Compelling Headlines
Unleashing Share Prices: May Song Hong’s Strategic Move Yields 35% Dividends, FPTS Reaps the Rewards
With over 75 million shares in circulation, May Song Hong is estimated to dish out a total of VND 262.5 billion in this round of interim dividend payouts.
Profits Plummet: Bảo Minh Insurance Projects a 29% Drop in 2024 Profit Plans
The Board of Directors of Baominh Insurance Joint Stock Corporation (HOSE: BMI) has proposed to adjust and reduce the profit plan for 2024, following a significant drop in interest rates in the third quarter due to Storm Yagi.
The Stock Market Tycoon: Dishing Out a Whopping $300 Million in Dividends This December
With 1.33 billion shares outstanding, the company is expected to dish out a whopping VND 6,691 billion for this dividend payout.
The Sale of a Lifetime: Chairman’s Farewell to VRC
The VRC Board has accepted Mr. Tu Nhu Quynh’s resignation and elected Mr. Pham Van Tuong as the new Chairman of the company effective October 31st.
KienlongBank Successfully Holds 2024 Extraordinary General Meeting of Shareholders
On October 26, KienlongBank (KienlongBank; UPCoM: KLB) successfully held an Extraordinary General Meeting of Shareholders (EGMS) in Hanoi, with a large number of shareholders in attendance.
