**NTH Announces Record Date for Second 2024 Interim Cash Dividend**
NTH announces the record date for the second 2024 interim cash dividend. The ex-dividend date is set as 07/01/2025.
With a payout ratio of 10% (1,000 VND per share) and over 10.8 million shares in circulation, NTH is estimated to distribute nearly 11 billion VND as the second interim dividend. The payment date is scheduled to start from 23/01/2025.
Previously, NTH paid the first 2024 interim dividend in mid-September this year. Thus, after two 10% interim dividend payments for 2024, NTH still has one more dividend payment to complete the 2024 dividend plan with a ratio of 30%, as approved by the 2024 Annual General Meeting of Shareholders.
Source: VietstockFinance
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Looking back at NTH’s cash dividend policy, the company maintained a dividend ratio of around 30% for three years (2019-2021). In 2022-2023, with the highest net profit results to date, NTH increased the dividend ratio to 45% for these two years. This was also the highest dividend ratio the company has offered in the past six years.
In 2024, NTH expects a 22% and 32% decrease in revenue and net profit, respectively, compared to 2023 results, amounting to 91 billion VND and 37 billion VND. As a result, the company lowered the dividend ratio for 2024 to 30%.
Source: VietstockFinance
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According to the major shareholder structure of NTH, as updated on 12/03/2024, the largest shareholder is Chairman Nguyen Van Cao, holding 18.53% of the capital, and is estimated to receive 6 billion VND in dividends for 2024.
| NTH’s Financial Results for the First Nine Months of 2024 |
Regarding business performance, in the first nine months of 2024, NTH recorded nearly 75 billion VND in net revenue and 35 billion VND in net profit, a decrease of 9% and 11%, respectively, compared to the same period last year. The main reason for this decline was the unfavorable hydrological conditions in the first half of the year, which led to a decrease in power output and, consequently, lower revenue.
Compared to the plan, NTH achieved 82% of the revenue target and 93% of the profit target for the year after the first nine months.
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