The company recently announced the right to pay 95% cash dividend for 2024. The ex-dividend date will be December 19, 2024. The expected payment date is December 30, 2024.
Stock price increased 184% last year, Masan Consumer added "huge" year-end dividend
The company recently announced the right to pay 95% cash dividend for 2024. The ex-dividend date will be December 19, 2024. The expected payment date is December 30, 2024.
Masan Consumer Corporation (Masan Consumer, code MCH, UPCoM) announced that December 20, 2024 will be the last registration date to close the list of shareholders to pay 2024 interim dividends at a rate of 95% in cash (1 share receives VND 9,500). Thus, the ex-rights trading date will be December 19, 2024. The expected payment date is December 30, 2024.
With 724.6 million shares in circulation, Masan Consumer will spend more than VND6,884 billion on this dividend. MasanConsumerHoldings LLC - a subsidiary of Masan Group (code MSN, HoSE) owns more than 671.4 million MCH shares (92.65%) and will receive nearly VND6,400 billion in dividends.
Previously, Masan Consumer spent about VND 19,000 billion to pay cash dividends in 2023 at a rate of up to 268%. The above dividends were paid in 3 installments. Specifically, in September, the company paid the 2023 dividend (additional) in cash at a rate of 168%/share (1 share received VND 16,800). The company also made an advance payment of VND 3,224 billion, equivalent to 45% in August 2023 and VND 3,946 billion, equivalent to 55% in July 2024. The total dividend in 2023 that shareholders received from Masan Consumer was 268% with a total amount of VND 19,225 billion, recording the most generous payment to shareholders since listing.
At the General Meeting of Shareholders in early 2024 of Masan Group (code MSN, HoSE floor), Mr. Nguyen Dang Quang - Chairman of the Board of Directors said that 2024 will be the time when "Masan decides to start the journey of IPO Masan Consumer".
Mr. Danny Le, CEO of Masan Group Corporation, said that Masan Consumer's average growth rate of 15% per year over the past 6-7 years is the basis for considering the implementation of the above potential IPO plan. In addition to helping raise capital, this CEO expects that the offering of Masan Consumer shares will help increase the valuation of shares that are trading below their intrinsic value on the UPCoM exchange.
At the meeting with investors to discuss the business results of the first quarter of 2024. Mr. Danny Le shared about the revaluation of Masan Group through the listing of Masan Consumer. “Currently, I can say based on our estimates that the IPO of Masan Consumer is the Top 2 issues of Masan Consumer. On UPCoM, MCH shares are currently trading below their intrinsic value. Therefore, I think the IPO of Masan Consumer will help increase the valuation of Masan shares,” he also emphasized.
In early October 2024, the Board of Directors of Masan Consumer approved the Resolution to transfer MCH shares from UPCoM to HoSE. The expected listing date is in 2025. At the same time, the Board of Directors of Masan Consumer Joint Stock Company (Masan Consumer) agreed to implement a public offering of shares to existing shareholders at a rate of 45.1%. The company will offer 326.8 million new shares, expected to raise VND3,268 billion and increase its charter capital to over VND10,623 billion. The offering will be carried out in 2024 or 2025, after being granted a certificate of public offering by the State Securities Commission.
Net revenue for the first 9 months of 2024 of this unit reached VND 21,955 billion, up 11% over the same period last year. Net profit after tax reached VND 5,474 billion, up 14%. On the stock market, MCH shares are trading at VND 223,000/share, up 184% compared to the end of last year.
Source: https://baodautu.vn/stock-increases-price-by-184-years-qua-masan-consumer-them-stock-tuc-khung-cuoi-nam-d232189.html
Comment (0)