On the morning of September 19th, shares of Vinacafé Bien Hoa Joint Stock Company (VCF) surged to their ceiling price, reaching 358,400 VND per share with no sellers, solidifying its position as the most expensive stock on the HOSE. The company’s market capitalization soared to over 9.5 trillion VND, marking a historic high.
The dramatic rise in VCF’s stock price followed the announcement of a 480% cash dividend for 2024, equivalent to 48,000 VND per share. The final registration date is October 1st, with payment expected on October 8th.
With over 26.6 million shares outstanding, the company is set to distribute approximately 1.3 trillion VND in dividends. The majority of this amount will go to its parent company, Masan Beverage LLC, which holds 98.79% of VCF’s capital, expected to receive around 1.26 trillion VND in this dividend payout.
Vinacafé Bien Hoa is renowned as one of the “dividend kings” on the stock market, consistently offering substantial cash dividends. From 2017 to present, VCF has regularly paid cash dividends ranging from 250% to over 400%. Notably, in 2017, the company paid an impressive dividend of 66,000 VND per share.
Originally established in 1969 as the Coronel Coffee Factory, later renamed Bien Hoa Coffee Factory, Vinacafé Bien Hoa was equitized in 2004. Since 2012, VCF has been a member of the Masan Group after a Masan Consumer subsidiary acquired a majority stake.
In the first six months of the year, Vinacafé Bien Hoa reported net revenue of over 1.03 trillion VND, a 19% increase compared to the same period in 2024. After-tax profit reached 249 billion VND, up 34%.
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