According to statistics, there are 10 companies that announced dividend distribution in the week of February 19-23. Among them, 8 companies pay dividends in cash this week, 1 company grants stock dividends, and 1 company implements the rights issuance.
Of the companies distributing cash dividends this week, the highest rate is 35% and the lowest is 5%.
Vinh Hoan Corporation (stock code VHC) announced that January 20 will be the final registration date for interim cash dividends in 2023. Shareholders of the company will receive dividends in cash at a rate of 20% (01 share receives VND 2,000). The expected payment date is February 29. With 224.4 million shares in circulation, Vinh Hoan is expected to spend nearly VND 450 billion to pay dividends this time.
Earlier in early February, Vinh Hoan spent nearly VND 450 billion to pay cash dividends at a rate of 20% to shareholders. In addition, the company has also completed the issuance of 37.4 million shares to pay dividends at a ratio of 100:20 (owning 100 shares on the record date will receive an additional 20 shares). After the issuance, the company’s charter capital increased from VND 1,870 billion to VND 2,244 billion.
Prosperous and Developing Commercial Joint Stock Bank (PG Bank – stock code PGB) announced the issuance of 120 million bonus shares to existing shareholders at a ratio of 10:4, meaning that for every 10 shares, shareholders will receive an additional 4 newly issued shares. The ex-dividend date is February 22.
The total value of this issuance at face value is VND 1,200 billion. The source for capital increase is from undistributed after-tax profits and supplementary charter capital reserve based on the 2022 financial statements. If successful, PG Bank’s charter capital will increase from VND 3,000 billion to VND 5,000 billion.
In addition to the bonus share distribution plan, recently the Board of Directors of PG Bank also approved a plan to issue an additional 80 million shares to existing shareholders at a distribution ratio of 15:4, corresponding to each shareholder owning 15 PGB shares will receive 4 additional new PGB shares.
Hagiang Mineral and Mechanical Joint Stock Company (stock code HGM) announced the ex-dividend date for cash dividends of the second quarter of 2023 at a rate of 35% (VND 3,500/share). The ex-dividend date is February 23 and the payment date is on March 25. With over 11.9 million outstanding shares, HGM is estimated to spend nearly VND 42 billion for the advance dividend payment of this period.
Previously, at the end of December 2023, HGM has paid an interim dividend for the first quarter of 2023 at a rate of 10% (VND 1,000/share). Therefore, the total amount for both dividend payments in 2023 of HGM is estimated at nearly VND 54 billion, equivalent to a total rate of 45%.
Saigon General Services Corporation (Savico – stock code SVC) announced that February 22 is the final registration date to exercise the right to receive interim cash dividends at a rate of 5%, equivalent to each shareholder owning 1 share will receive VND 500. With over 66.6 million outstanding shares, Savico needs to spend over VND 33.3 billion for this interim dividend payment. It is expected that shareholders will receive dividend payments on February 29.
