HCMC – PetroVietnam Gas Joint Stock Corporation (PV GAS), a subsidiary of the state-owned Vietnam Oil and Gas Group (PVN), plans to spend VND13.78 trillion to pay a dividend of 60% to shareholders.
Shareholders will get VND6,000 for every share held, and with 2.3 billion outstanding shares, the company will spend a total of VND13.78 trillion. PVN, which holds a 95.76% stake in PV GAS, will receive more than VND13.2 trillion.
The payment will be made between October 14 and November 29, with the record date to be announced later.
Besides, PV GAS will issue up to 45.9 million new shares, equivalent to 2% of its outstanding shares, to increase its equity capital. The shares will be issued at a ratio of 50:1, with a total nominal value of VND459.3 billion.
The money will come from the company’s development investment fund, according to its audited 2023 financial statements.
The share issue is expected to take place between the third and fourth quarters of 2024, following approval from the State Securities Commission of Vietnam.
PV GAS posted VND64.5 trillion in revenue in the first half of this year, with its pre-tax profit exceeding VND6 trillion.
Closing the trading session today, July 15, the firm’s GAS shares edged up 0.38% to VND78,300 per share, with a trading volume of over 1.2 million shares.
The VN-Index of the Hochiminh Stock Exchange moved sideways today, inching down by 0.93 point, or 0.07%, to 1,279.82 points, with 167 winners and 262 losers.
Stock trade reached nearly 573.5 million shares worth VND14.2 trillion, down 5.4% in volume and 6.68% in value over the previous session. Block deals accounted for 99.13 million shares worth more than VND2.9 trillion.
The VN30-Index, meanwhile, lost nearly four points to 1,297.82 points, with 10 bluechips rising and 16 others dipping.
PLX shares rose by 3.7% to VND48,000 each, the highest among the 30 largest-cap stocks. BCM and VJC also gained by 3.4% and 2.2%, respectively.
Large-cap stocks such as VHM, VIC and FPT were the biggest drags on the main index, each contributing to a decline of around 0.5 point.
The health care sector was the best performer. IMP and DHT hit their ceiling prices, while DHG, TNH and DMC rose over 1%. VDP surged by 6.6%.
Banking and securities stocks eased off their earlier gains. Major banks VCB, TCB and BID experienced slight declines. SHB, MSB, MBB, LPB, and CTG advanced by around 0.5%.
SHB was the most actively traded stock on the market, with 23.9 million shares changing hands.
The Hanoi Stock Exchange saw 79 advancers and 86 decliners, leading to a 0.07% decrease in the HNX-Index to 244.84 points.
There were 50.46 million shares worth more than VND1 trillion traded on the northern exchange.
