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Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

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Free

  • Free access to daily domestic news, podcasts and videos

Premium

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(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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28.9 C
Ho Chi Minh City
Tuesday, February 25, 2025

HDBank to pay 30% dividend

The Saigon Times

Must read

HCMC – HCMC Development Joint Stock Commercial Bank (HDBank) plans to distribute a 30% dividend for fiscal 2023, with 10% in cash and 20% in stock.

The record date for the cash dividend is set for July 15, 2024, with payment to be made on July 26. Shareholders will get VND1,000 for every share held.

HDBank will also issue a 20% stock dividend. Shareholders will receive 20 new shares for every 100 shares held. The record date for stock dividend payment will be announced after the firm gets approval from regulatory authorities, probably in the third quarter.

The lender posted strong financial results in the first quarter of this year, with credit growth at 6.2%, pre-tax profit at VND4.02 trillion (up 46.8% year-on-year), and the return on equity (ROE) at 26.7%.

HDBank reported strong financial results for Q1 2024. Credit growth was over 6.2%, one of the highest rates in the banking system. Pre-tax profit reached nearly VND4.03 trillion, a 46.8% year-on-year rise. Its ROE was 26.7%.

For 2024, the bank looks to book pre-tax profit of VND16 trillion, rising 21.8% over 2023. It also aims to keep the non-performing loan ratio below 1.5% and ROE at 24.6%.

At the close of the trading session today, July 2, HDB shares advanced 4.33% to VND24,100 per share, with a trading volume of over 16.7 million shares.

The VN-Index added 15.23 points, or 1.21%, and closed at 1,269.79 points, with winners nearly tripling losers at a ratio of 296 to 109. Trading volume increased nearly 8% with over 528.4 million shares worth a total of nearly VND14 trillion traded, a 7% rise from the previous session. Block deals accounted for 58 million shares worth VND1.6 trillion.

Bank stocks made gains, with many increasing by over 1%. BID and VCB were the main drivers as they collectively contributed 5.62 points to the VN-Index. BID climbed by 4.2% to VND45,750 per share, while VCB edged up by 2.44% to VND88,200 per share.

SHB was the most actively traded stock on the market, with a matching volume of more than 25.2 million shares.

The HNX-Index of the Hanoi Stock Exchange gained 2.24 points, or 0.94%, to 240.8 points. The northern exchange saw 101 advancers and 60 decliners, with a trading volume of over 40 million shares worth VND779.1 billion.

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