Many businesses "open the door" to paying dividends

With the above plan, the bank plans to spend VND11,166 billion from after-tax profit, and increase charter capital from VND44,666 billion to VND51,366 billion through issuing an additional 670 million shares.

According to documents submitted to the shareholders' meeting, ACB targets pre-tax profit of VND23,000 billion in 2025, an increase of 9.5% compared to 2024. The bank also expects total assets to grow to VND984,967 billion (+14%), outstanding loans to reach VND673,600 billion (+16%) and control bad debt below 2%.

The fact that ACB and many other banks maintain stock dividends partly stems from new requirements from the State Bank. According to the draft Circular on capital adequacy ratio (CAR), credit institutions must increase CAR from the current 8% to 10.5% by 2033. Banks that do not meet the minimum threshold may be restricted from paying cash dividends.

"Increasing charter capital is necessary to meet management requirements, while expanding credit activities and infrastructure investment," ACB representative emphasized. On the HoSE, ACB shares are currently trading around VND26,100/share, up 2% from the beginning of the year, with an average liquidity of 6.5 million shares/day.

A series of other enterprises also "opened the door" to pay dividends, starting from March 24 - 28, the stock market recorded 8 enterprises closing the right to pay cash dividends, with the highest rate up to 20%. Notably, Central Hydropower Joint Stock Company (CHP): Spending 147 billion VND to pay a 10% dividend (1,000 VND/share) from March 24; Fine Arts & Communication Joint Stock Company (ADC) plans to spend 6 billion VND with a rate of 15% (1,500 VND/share), payment from May 15; Can Tho Minerals and Cement Joint Stock Company (CCM) "released" a 20% dividend (2,000 VND/share), total value 12.4 billion VND.

In addition, Chuong Duong Joint Stock Company (CDC) announced the issuance of 22 million shares to existing shareholders at a price of VND 11,000/share (48% lower than market price), applying a ratio of 1:1.

Mr. Le Minh Tam, an expert at VNDIRECT Securities JSC, commented: "Companies with high cash dividend yields are often in less volatile industries such as energy, banking or cement. This helps attract long-term investors."

However, some businesses are still cautious in combining stock dividends to ensure capital for expansion plans, especially when interest rates are high and the real estate market has not really warmed up.

With positive business results in many industries in the first quarter of 2025, analysts expect the wave of cash dividend payments to continue, especially in the banking, hydropower and construction materials groups. ACB and CHP are considered two notable names thanks to their attractive payout ratios and clear growth plans.

In the context of a volatile stock market, cash dividends have become a "bright spot" attracting cash flow. However, investors need to consider short-term benefits and the long-term strategy of the business before deciding.

Source: https://thoibaonganhang.vn/hang-loat-doanh-nghiep-rong-cua-tra-co-tuc-161768.html