Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank, stock code: CTG) has recently announced its resolution on the payment of cash dividends for the year 2024.
Accordingly, VietinBank will distribute dividends at a rate of 4.5%, equivalent to 450 VND per share. With over 5.36 billion outstanding shares, the bank is expected to allocate 2,416.5 billion VND for this dividend payout.
The final registration date for dividend eligibility is October 15, 2025, with the payment scheduled for November 17, 2025.
The State Bank of Vietnam, as the largest shareholder, holds over 3.46 billion CTG shares and is set to receive approximately 1,557.8 billion VND in dividends.
Strategic partner MUFG Bank, with more than 1.05 billion shares, will receive nearly 476.7 billion VND. VietinBank’s Trade Union, holding over 61.6 million shares, is expected to receive nearly 27.7 billion VND.
Prudential Vietnam Assurance Private Limited Company, with nearly 57.6 million shares, will receive around 25.9 billion VND.
In addition to the cash dividend, VietinBank plans to issue up to 2.4 billion new shares as stock dividends at a rate of 44.64%.
The capital for this issuance will be sourced from the remaining profits of 2021, 2022, and the period 2009-2016. The specific issuance timeline will be determined upon regulatory approval.
If implemented, VietinBank’s chartered capital will increase to 77,671 billion VND. The additional capital of nearly 24,000 billion VND is intended to support business operations, infrastructure investment, technology upgrades, service development, and credit expansion.
This will mark the highest stock dividend ratio in the bank’s history, surpassing the 29% in 2021 and 11.74% in 2023.
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