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Saturday, May 18, 2024

Plans unveiled for dividends

By Trieu Duong

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The peak annual general meetings season for 2024 is coming. Apart from business plans, what investors care about most are dividend payment plans and stock prices have gained certain support from this despite the pressure from market corrections. Businesses are still doing well Given the challenges businesses were facing last year, such as a shortage of orders, poor consumption and shrinking profits, the majority of enterprises have limited their dividend payments. On the contrary, multiple businesses have announced plans to pay hefty dividends for 2023 and even 2024. Coming first in terms of the dividend payout ratio for 2023 is Vinacafé Bien Hoa Joint Stock Company (HOSE: VCF) again, with 250% (VND25,000 per share), equivalent to an estimated expenditure of more than VND664 billion. This is one of the companies with a tradition of paying their shareholders very high dividends. In 2020-2021, VCF paid a dividend of VND25,000 per share. The record high was established in 2017 with VND66,000 per share. Last year, VCF made VND2.35 trillion in net revenue and VND450 billion in profit after tax, up 7% and 41% against 2022, respectively. VIP Green Port Joint Stock Company (UPCoM: VGR) has finalized a plan to pay a cash […]
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