Vietnam Industrial and Urban Construction Consulting Joint Stock Company (UPCoM: CCV) announced a cash dividend for 2024 with a ratio of 46.3%, equivalent to VND 4,630/share. The ex-dividend date is May 28, and the expected payment date is June 9.
This is the highest dividend payout in the company’s history. In previous years, the dividend ratio typically ranged from 8-33%.
With 1.8 million shares outstanding, CCV is estimated to pay out more than VND 8.3 billion in dividends for this period. CCV’s parent company, Vietnam Construction Consulting Corporation – JSC (UPCoM: VGV), which holds 51% of the charter capital, is expected to receive approximately VND 4.2 billion in dividends.
The company’s other two major individual shareholders, Mr. Nguyen Van Bang, a member of the Board of Directors (holding 6.82%), and Mr. Mai Doan, Deputy General Director (holding 6.25%), will receive VND 568 million and VND 520 million, respectively.
The high dividend payout is a result of CCV’s exceptional business performance in 2024. Specifically, net revenue for 2024 reached VND 208 billion, a 27% increase compared to the previous year. After-tax profit reached nearly VND 14 billion, a 56% growth compared to 2023, and set a new record since the company’s equitization.
For 2025, the company targets net revenue of nearly VND 192 billion and after-tax profit of approximately VND 11 billion, representing an 8% and 21% decrease, respectively, compared to the actual figures for 2024. CCV plans to maintain its high dividend policy, with a target of 65% of after-tax profit, equivalent to nearly VND 7 billion.
In the stock market, at the end of the trading session on May 19, CCV shares were priced at VND 34,000/share. The stock is considered illiquid due to a concentrated shareholder structure.
Vietnam Industrial and Urban Construction Consulting Joint Stock Company, formerly a state-owned enterprise under the Ministry of Construction, was equitized in 2007. Its main business is construction consulting, with two subsidiaries operating in the field of construction design consulting.
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