Listed firms pay high dividends for shareholders

Recently, Vinacafé Bien Hoa Company (VCF) passed its 2018 profit distribution plan, in which almost all of the after-tax profit of VND638 billion would be used to pay a cash dividend of a jaw-dropping 240%. The firm did not set aside money for re-investment, rewards or other benefits for staff.

Given this dividend, shareholders of the coffee maker will receive VND24,000 for each share held. Masan Beverage Company, the largest shareholder of VCF with a 98.5% stake, will get some VND628 billion.

VCF’s current share price is roughly VND190,000 on the Hochiminh Stock Exchange.

HDBank (HDB) is also seeking shareholder approval for a 10% share dividend payment. Besides this, the lender also plans to issue bonus shares for shareholders at 20%, using its available cash totaling some VND2 trillion.

At the annual general meeting on April 23, shareholders of HDB are expected to pass the two plans, allowing them to receive dividend and bonus shares at a combined 30%.

Meanwhile, Asia Commercial Bank (ACB) has plans to pay a share dividend of 30%, while using some VND100 billion from the staff welfare fund to buy back its own shares. Of the total 41 million treasury shares purchased years ago at some VND16,000 each, ACB will buy back six million shares and give them on to its employees.

Many listed companies have decided to offer attractive dividends or bonus shares to shareholders, including Ha Do Group (HDG) with a 30% dividend, Cuu Long Fish Company (ACL) with a bonus share payment of 120%, Vietnam Electric Cable Corporation (CAV) with a cash dividend of 50%, and Mechanical Engineering & Metallurgy Company (SDK) with a cash dividend of 60%.