HCMC – Asia Commercial Bank (ACB) will finalize its shareholder list on May 26 to distribute 2024 dividends comprising 10% in cash and 15% in stock, said local media reports.
ACB will pay a 10% cash dividend, or VND1,000 per share, on June 5.
Shareholders will also receive a 15% stock dividend, which means they will get 15 new shares for every 100 shares held. The bank plans to issue around 670 million more shares for the dividend payment.
Following the issuance, ACB’s charter capital will rise from VND44.7 trillion to VND51.4 trillion.
In terms of business performance, the bank reported before-tax profit of VND4.6 trillion in the first quarter of 2025, down 6% year-on-year. The decline was mainly attributed to ACB’s interest rate incentive programs to support customers and boost economic growth.
Closing the trading session today, May 15, ACB shares rose 3% to VND25,550 each, with 24.65 million shares changing hands, making it the sixth most actively traded stock on the market.
On the southern bourse, robust gains in banking stocks drove the VN-Index higher, extending its winning streak to four straight sessions.
The Hochiminh Stock Exchange saw 172 gainers and 154 decliners, with its VN-Index climbing 3.47 points, or 0.26% day-on-day, to 1,313.2 points.
Total trading volume was nearly 1.12 billion shares, with a value of VND25.88 trillion, up 4% in volume but down 5% in value compared to the previous session. Block deal transactions accounted for over 100 million shares, worth nearly VND3.27 trillion.
SHB was the session’s standout stock as it surged 5.4% to VND13,700. Nearly 168 million shares were matched, the third-highest trading volume in the stock’s history.
Bank stocks led gains in the VN30 basket, with LPB rising 3.8% to VND37,050. VIB, MBB, and SSB also advanced between 2% and 2.9%. MBB was the second most actively traded stock on the exchange after SHB, with over 69 million shares transacted.
With 75 advancers and 88 decliners, the HNX-Index edged up 0.4 points, or 0.18%, to 219.28 points. Matched volume totaled over 91.7 million shares, valued at VND1.36 trillion.
