HCMC — Several major Vietnamese banks will pay cash dividends in October and November, marking the first such payments in years.
Vietcombank will pay a 4.5% cash dividend, equivalent to VND450 per share, to shareholders on October 24. The bank will finalize its shareholder list on October 6. With about 8.4 billion outstanding shares, the payout will total around VND3.76 trillion. This is Vietcombank’s first cash dividend since 2021.
BIDV and VietinBank will close their shareholder lists on October 15 to pay 4.5% cash dividends for 2024. BIDV will pay more than VND3.15 trillion on November 14, while VietinBank will spend over VND2.4 trillion on November 17. BIDV will also issue bonus shares, and VietinBank plans to issue nearly 2.4 billion new shares to raise charter capital to over VND77 trillion. Both banks last paid cash dividends in late 2021.
Techcombank will pay a 10% cash dividend on October 22, after closing its shareholder list on October 1. The payout will total about VND7.09 trillion.
HDBank has not set a payout date but reported distributable profit of over VND10.39 trillion for 2024, allowing for a dividend of up to 28%, including up to 15% in cash.
The State Bank of Vietnam restricted cash dividends from 2020 to strengthen bank capital, manage bad debts, and allow room for interest rate cuts. Regulations were eased in 2023 for banks with strong ratings, allowing cash dividends to return.
For shareholders, cash dividends offer direct returns compared with stock dividends, which can dilute share value.
