A Vietnamese enterprise pays huge dividends, how much does Bill Gates' fund pocket?

Vietnamese enterprises will spend nearly VND6,900 billion on cash dividend advances in 2024. The Bill & Melinda Gates Foundation Trust - a shareholder of this enterprise will receive dividends of 1 million shares.

Billionaire Bill Gates in India - Photo: Billionaire Bill Gates' personal page

According to an announcement from Masan Consumer Corporation (MCH), the last registration date to receive cash dividends in advance for 2024 will be December 20.

With a payout ratio of up to 95%, meaning each share receives 9,500 VND, Masan Consumer shareholders are about to receive a "shower" of cash.

Specifically, with 725 million MCH in circulation, this enterprise may have to spend nearly 6,900 billion VND for year-end dividend advance.

According to plan, cash will reach shareholders on December 30.

Of which, Masan Group - the parent company holding 67.4% of MCH's capital will receive the largest amount, about 4,700 billion VND.

In addition, the list of shareholders with voting rights of MCH also includes the name of the Bill & Melinda Gates Foundation Trust.

According to MCH's report, this fund is holding more than 1 million MCH shares, equivalent to more than 0.14% of capital at Masan Consumer. This is also the 11th largest shareholder of Masan Consumer.

It is estimated that with the above ownership amount, the Bill & Melinda Gates Foundation Trust can receive about 9.5 billion VND in dividends from Masan Consumer by the end of this December.

It is known that Bill & Melinda Gates Foundation Trust is a company that receives financial trust from Bill & Melinda Gates Foundation - a charity fund contributed by Microsoft founder Bill Gates and his ex-wife Melinda French Gates.

More than 20 years ago, Mr. Bill Gates and Ms. Melinda French Gates founded the Bill & Melinda Gates Foundation.

The foundation has since grown into one of the world's largest charitable foundations with more than 2,000 employees and total assets of $75.2 billion as of the end of 2023.

In addition to direct investment, the Bill & Melinda Gates Foundation Trust has also indirectly invested in Vietnam.

Accordingly, they participate in the stock market through Vietnam Enterprise Investments Limited (VEIL) - the largest investment fund in the market managed by Dragon Capital.

Last year, Masan Consumer also paid cash dividends at a rate of up to 268%, equivalent to nearly VND 19,000 billion distributed to shareholders.

The Bill & Melinda Gates Foundation Trust also received nearly 28 billion VND for this distribution.

Masan Consumer pays high dividends thanks to huge profits

Masan Consumer paid a huge dividend thanks to reporting a large after-tax profit last year, reaching VND7,194 billion, up 30% compared to 2022.

In the first 9 months of this year, the company achieved revenue of about 22,141 billion VND and profit after tax of 5,552 billion VND, both increased compared to the same period.

Operating effectively and bringing in large profits, MCH is considered the "golden goose" in billionaire Nguyen Dang Quang's group.

Source: https://tuoitre.vn/mot-doanh-nghiep-viet-chi-co-tuc-khung-quy-cua-bill-gates-bo-tui-bao-nhieu-20241215202135388.htm