According to statistics, there are 9 businesses that announced the dividend rights settlement in the week of March 4th – March 8th, of which 7 businesses pay dividends in cash, 1 business issues additional shares, and 1 business pays dividends in combination. The highest cash dividend payment rate among these businesses is 15% and the lowest is 6%.
On March 5th, Vinh Phuc Infrastructure Development Joint Stock Company (IDV) will settle the dividend distribution of 2023 with both cash and stock dividends at a rate of 25%.
Accordingly, the company will pay a 10% cash dividend on March 21st. With over 31.18 million listed and circulating shares, Vinh Phuc Infrastructure Development will allocate more than VND 31 billion to pay dividends to existing shareholders.
At the same time, IDV plans to issue nearly 4.68 million shares to distribute dividends at a 100:15 ratio, meaning that each shareholder will receive 1 right for every 1 share that they own, and for every 100 rights, they will receive an additional 15 new shares. Any fractional shares, if exist, will be canceled and not issued.
The source of the issue is the undistributed post-tax profit till September 30th, 2023 in the 2023 audited financial report of the company, which is equivalent to more than VND 413 billion.
March 6th is the last registration date to enjoy the right to purchase for BV Land Joint Stock Company (BVL) shareholders to buy preferential shares at a price of VND 10,000/share. Accordingly, BV Land plans to issue 20.06 million shares to existing shareholders at a ratio of 100:35, meaning that each shareholder will receive 1 right for every 1 share that they own, and for every 100 rights, they will be able to buy 35 new shares at a price of VND 10,000/share.
The transfer period for the right to purchase will be from March 20th, 2024 to April 5th, 2024, and the registration period for purchase orders will be from March 20th, 2024 to April 10th, 2024.
The amount raised from the sale will be used by BV Land to supplement working capital for production and business activities by over VND 75.7 billion and to invest in buying shares of a subsidiary, BV Invest Joint Stock Company (formerly known as Lilama Construction Investment Joint Stock Company) with nearly VND 125 billion.
On March 11th, Ho Chi Minh City Book and Educational Equipment Joint Stock Company (STC) will close the temporary dividend advance list of 2023 and organize the annual general meeting in 2024.
Accordingly, the company will distribute dividends in cash at a rate of 14%, meaning that each shareholder will receive VND 1,400 for every share that they own. This is also the dividend distribution rate approved by STC at the previous annual general meeting. The dividend payment date is expected to be on April 5th. Therefore, with nearly 5.67 million listed and circulating shares, Ho Chi Minh City Book and Educational Equipment will have to allocate nearly VND 8 billion to pay dividends to existing shareholders.
In addition, the company will use this shareholder list to organize the annual general meeting in 2024. The meeting is scheduled to be held on April 11th at the company’s headquarters at 223 Nguyen Tri Phuong Street, Ward 9, District 5, Ho Chi Minh City.
