Many businesses will soon distribute cash dividends
Shareholders of Southern Battery Joint Stock Company (PAC) will soon receive an interim dividend of 5% in cash (1 share will receive 500 VND). The payment date is February 28th. With over 46 million shares in circulation, PAC is estimated to have to pay over 23 billion VND in this interim dividend payment.
Cat Loi Joint Stock Company (CLC) announced its preparation to distribute the cash dividend for the first phase of 2023 at a rate of 15% (1 share will receive 1,500 VND). The dividend payment date is February 28th. According to estimates, CLC will need a total of approximately 39.3 billion VND to pay shareholders in this phase.
Many businesses will distribute cash dividends in the future (Illustration photo)
Another business, Thua Thien – Hue Construction Joint Stock Company (HUB), will distribute the cash dividend for the year 2023 at a rate of 10% (1 share will receive 1,000 VND). The payment date is February 29th. With nearly 26.3 million shares in circulation, HUB is estimated to spend over 26 billion VND to distribute dividends in this phase.
Vietnam Disinfection Joint Stock Company (VFG) announced the interim dividend distribution for the second phase of 2023 at a rate of 10% in cash (1 share will receive 1,000 VND). The company will make the payment on March 8th. With nearly 42 million shares in circulation, VFG is estimated to allocate 42 billion VND to pay dividends in this phase.
Binh Long Rubber Industrial Park Joint Stock Company (MH3) will spend 16.8 billion VND to distribute cash dividends for the first phase of 2023. The deadline for registration is January 30th, 2024, and the payment date is April 10th, 2024. The cash dividend payment rate is 7% (1 share will receive 700 VND). With 24 million shares in circulation, MH3 will need to allocate 16.8 billion VND to pay dividends.
Bank shareholders await good news
According to research, in recent times, the positive development of the stock market has helped stock of growth-oriented sectors to increase significantly, especially the banking industry. By the end of January 2024, there were 41 companies listed on HOSE with a market cap of over 1 billion USD, including 2 banks with a market cap of over 10 billion USD, namely BIDV Bank (BID) and Vietcombank (VCB).
In January 2024 alone, the market cap growth of VCB and BID increased by about 10%. Banks with a market cap of over 1 billion USD also achieved strong growth, such as CTG (+16.6%), MBB (+16.62%), LPB (+12.06%), and OCB (+11.65%), which experienced impressive achievements with growth rates of over 10%.
The above growth rates have helped investors hold bank stocks enjoy high investment returns in a short period of time. Moreover, in the future, these shareholders will continue to receive cash dividends.
Vietnam International Bank (VIB) is the first bank to announce its plan to distribute cash dividends this year. VIB decided to allocate over 1.5 trillion VND to temporarily distribute cash dividends for 2023 to existing shareholders at a rate of 6%.
The ex-dividend date is January 19th, and the dividend payment is expected to be made on February 21st, 2024. With a charter capital of over 25,000 billion VND, equivalent to over 2.5 billion shares, it is estimated that this bank will allocate over 1,520 billion VND to shareholders in this dividend payment phase.
Many banks will distribute cash dividends (Illustration photo)
At the annual general meeting of shareholders in 2023 of Vietnam Prosperity Bank (VPB), the VPB leadership announced that they will distribute cash dividends for five consecutive years and have enough reserves to distribute 30% post-tax profit dividends to shareholders every year.
It is known that in 2023, VPB spent nearly 8,000 billion VND to distribute dividends to shareholders. This is the first time in over 10 years that this bank has distributed cash dividends. The cash dividend payments in the following years are planned to be implemented earlier in the first half of the year.
The dividend payment issue at Techcombank (TCB) has also been revealed. Specifically, this bank will propose at the 2024 general meeting of shareholders a dividend payment rate of at least 20% of the total annual post-tax profit in cash, or 4-5% of the bank’s equity at the beginning of the year.
The next bank expected to distribute cash dividends is Asia Commercial Bank (ACB). At the annual general meeting of shareholders in 2023, ACB revealed plans to distribute 10% cash dividends and 15% stock dividends.
Regarding Saigon – Hanoi Commercial Bank (SHB), the cash dividend distribution issue was discussed at its annual meeting in 2023. Specifically, some shareholders suggested that SHB consider converting 18% dividend payment rate of 2022 into a combination of cash (5-6%) and stock dividends.
