Hino Truong Long Technical and Automobile Joint Stock Company (Hino Truong Long, HOSR: HTL) has announced its second dividend payment for 2024 at a rate of 30% in cash, equivalent to VND 3,000 per share.
Specifically, November 19th is the final registration date. The ex-dividend date is November 18th. With 12 million outstanding shares, Hino Truong Long is expected to allocate approximately VND 36 billion for this dividend payment. The payment date is scheduled for December 5th, 2025.
Currently, Truong Long’s shareholder structure is highly concentrated. The largest group of shareholders, including CEO La Van Truong Son and Chairwoman Nguyen Thi Kieu Diem, holds a combined 56.2% of the capital. Two foreign investors, Chairatchakam (Bangkok) Co., Ltd and Aichi Hino Motor Co., Ltd, own 24.6% and 5% of the shares, respectively. Due to this concentrated ownership, the liquidity of HTL shares remains very low, with an average trading volume of only about 1,600 shares per session in the most recent quarter.
In December of last year, the company paid an interim dividend for the first installment of 2024 at a rate of 35% in cash. Including this dividend, Hino Truong Long shareholders will receive a total dividend for 2024 of 65%, the highest in the company’s history. In 2023, the company also distributed a high dividend of 50%.
On the stock market, as of November 17th, HTL shares were trading at VND 28,200 per share, the highest level in the past four months.
Hino Truong Long is known for consistently paying cash dividends over the years, with rates fluctuating at several dozen percent annually.
Hino Truong Long was originally established as Truong Long Trading and Service LLC in 1998. The company is currently a 3S dealer of Hino Motor Vietnam, specializing in the sale of trucks and specialized vehicles such as cranes, dump trucks, tankers, concrete mixers, garbage compactors, glass-bodied trucks, and tarpaulin trucks.
Additionally, Hino Truong Long has been the exclusive distributor of Tadano cranes mounted on trucks in Vietnam since October 2010 and the exclusive distributor of ShinMaywa lifting equipment for dump trucks in the Vietnamese market since November 2015.
Regarding business results, in the first nine months of the year, HTL recorded net revenue of nearly VND 435 billion, a 27% increase compared to the same period last year. However, after-tax profit reached only VND 13.3 billion, a 32% decrease. With these results, the company has achieved approximately 66% of its revenue target and 49% of its profit goal for the year.
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