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Companies Finalizing Cash Dividend Payouts for the Week of Nov 18-22
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The most notable companies for the upcoming week are the two businesses related to Chairman Dao Huu Huyen of Duc Giang Chemical Group (HOSE: DGC). The first is PAT – a “grandchild” company of DGC. With a ratio of 70% and 25 million circulating shares, the company plans to spend 175 billion VND. The ex-dividend date is Nov 19, and the payment date is Dec 20, 2024.
DGC currently controls PAT through its wholly-owned subsidiary, Duc Giang Chemical – Lao Cai JSC (DGL). As of Sep 30, 2024, DGL holds 51% of PAT‘s capital; Mr. Dao Huu Huyen, Chairman of PAT‘s Board of Directors, owns 7.69%, and his son, Dao Huu Duy Anh, holds 9.04%. With their combined holdings of nearly 68% of PAT‘s capital, Chairman Huyen and related entities are estimated to receive a minimum of 118 billion VND.
It’s not just PAT; DGC itself will also finalize dividend payments next week with a ratio of 30% (3,000 VND per share). With nearly 380 million circulating shares, DGC is expected to spend 1,139 billion VND. The ex-dividend date and payment date are the same as for PAT.
NTC is another notable name as it finalizes dividend distribution with a ratio of 60% or 6,000 VND per share. With almost 24 million circulating shares, the company needs to spend 144 billion VND to complete the payout. The ex-dividend date is Nov 22, and the expected payment date is Dec 18, 2024.
As of the end of September, Phuoc Hoa Rubber Corporation (HOSE: PHR) was the largest shareholder of Nam Tan Uyen, holding 32.85%, followed by Vietnam Rubber Industry Group (HOSE: GVR) with 20.42%, and Saigon VRG Investment Joint Stock Company (HOSE: SIP) with 19.95%. They stand to receive approximately 47 billion VND, 29 billion VND, and 28 billion VND, respectively.
VEA has the third-highest finalization ratio at 50.35% (5,035 VND per share) but is a notable mention due to its massive circulation of nearly 1.33 billion shares, translating to a payout of nearly 7 trillion VND. The ex-dividend date is Nov 19, and the expected payment date is Dec 20, 2024.
As of Sep 30, 2024, the Ministry of Industry and Trade is VEA‘s largest shareholder, with an ownership ratio of 88.5%. The ministry is expected to receive more than 5,919 billion VND in dividends from VEA.
Next week, only one company, GDT, will finalize stock dividend payouts at a ratio of 10% (for every 10 shares held, shareholders will receive 1 new share), equivalent to issuing over 2.1 million shares. The ex-dividend date is Nov 19.
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