HCMC – Saigon VRG Investment Corporation, which trades SIP shares on the Hochiminh Stock Exchange, has announced plans to issue over 31.58 million new shares to pay a stock dividend of 15% for 2024.
That means shareholders will receive 15 new shares for every 100 shares held.
The issue is scheduled to take place in the second and third quarters of this year, with the record date expected in July 2025.
At its 2025 annual general meeting, Saigon VRG Investment Corporation approved a 32% dividend payment plan for 2024, including a 17% cash dividend and a 15% stock dividend.
In the first quarter of the year, the firm posted revenue of VND1.9 trillion, up 6.3% year-on-year, and after-tax profit of VND402.3 billion, a 56% increase from the same period last year. The gross profit margin improved from 14.9% to 16.5%.
Closing the trading session today, June 6, SIP fell 2.59% to VND67,700, with 497,000 shares changing hands.
On the southern exchange, widespread selling pressure triggered the steepest drop in more than a month and a half, sending the VN-Index below 1,330 points amid a surge in trading volume.
A total of 233 stocks fell, more than tripling the 76 gainers, dragging the VN-Index down 12.2 points, or 0.91% against yesterday’s session, to 1,329.89.
Around one billion shares worth VND24.02 trillion were traded, up 22.7% in volume and 25.3% in value. Block trades accounted for over 68.3 million shares, worth nearly VND1.75 trillion.
The VN30 Index also shed nearly 13.5 points, with 22 stocks declining and only five advancing. PLX led the gainers with a rise of 3.6%, followed by HPG up 1.2%, while three banking stocks, STB, HDB, and SSB, posted modest gains of 0.5% to 1%.
GVR was the biggest loser as it fell by 2.9%, while TCB had the largest impact on the market, sending the VN-Index down by 1.3 points.
The northern exchange saw 44 gainers and 113 decliners, with the HNX-Index falling 2.58 points, or 1.12%, to 228.61. Trading volume totaled over 116.2 million shares, valued at VND2.1 trillion.
