HCMC — Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay a 30% cash dividend for 2024, taking its total dividend payment for the year to 50%.
Shareholders will get VND3,000 for each share held. The record date is June 30, with payment set for July 31.
The second-round dividend follows a 20% payment in January. Sabeco said the combined distribution meets its revised 2024 dividend plan, which was raised from 35% to 50% at its annual general meeting this year.
With 2.09 billion outstanding shares, the brewery will spend about VND6.27 trillion on the latest payment round.
The company plans to continuing paying a 50% dividend in 2025 and has set revenue and profit targets of VND44.82 trillion and VND4.83 trillion, up 9% and 8% year-on-year, respectively.
Sabeco reported a sharp decline in first-quarter earnings. Net revenue fell 19% from a year earlier to VND5.81 trillion, while after-tax profit dropped 20% to VND793 billion.
It attributed the decline to weaker sales amid increased competition and the impact of Decree 168, which imposes heavy fines on drink driving.
Closing the trading session today, May 7, its SAB shares edged up 0.42% to VND48,050, with a trading volume of 767,300 shares.
Vietnam’s benchmark index extended its bullish trend, led by real estate stocks, while overall market liquidity slightly declined from the previous session.
The VN-Index gained 8.42 points, or 0.68%, to close at 1,250.37 points, with 181 winners and 131 losers.
Trading volume on the Hochiminh Stock Exchange reached 761.9 million shares worth VND17.2 trillion. Block deals accounted for 60.6 million shares valued at VND1.6 trillion.
Property stocks performed well. VIC rose 4.11% to VND73,400, while VHM climbed 1.81% to VND62,000. Together, they added 3.7 points to the main index.
NLG hit its ceiling price of VND30,700, with 6.47 million shares traded. Other notable gainers included HDC, KDH, DXG, AGG, and NVT. Developer NVL traded more than 41 million shares, the second-highest volume after SHB, closing at VND12,650.
Bank stocks showed mixed performance. LPB gained 1.42%, while HDB fell 1.41%. SHB took the lead by liquidity with 55.8 million shares changing hands, edging up 0.8% to VND12,600.
Securities stocks declined despite expectations of a market upgrade and the recent launch of the KRX trading system. VCI fell 1.62% to VND36,400. Seven other brokerages, including SSI and VIX, also dropped more than 1%.
On the Hanoi Stock Exchange, the HNX-Index added 0.52 point, or 0.24%, to 213.41 points, with 73 advancers and 77 decliners. There were 61.7 million shares valued at VND960.6 billion being matched.
