Dividends of thousands of billions of dong are about to be transferred to shareholders' accounts at the end of the year

Large enterprises such as Duc Giang Chemicals, VEAM, Sabeco, Song Da Corporation... will pay cash dividends to shareholders in the near future.

Large enterprises such as Duc Giang Chemicals, VEAM, Sabeco, Song Da Corporation... will pay cash dividends to shareholders in the near future.

Finally paying the remaining dividend of 2023, Nhon Trach 2 asks to postpone to the first quarter of 2025

In the last quarter of 2024, a series of enterprises decided to pay dividends of the previous year. According to the provisions of Clause 4, Article 135 of the Enterprise Law 2020 (effective January 1, 2021) on dividend payment, dividends must be paid in full within 06 months from the date of closing of the Annual General Meeting of Shareholders. Therefore, this is also an opportunity for many enterprises to complete the profit distribution plan approved by shareholders.

Vietnam Engine and Agricultural Machinery Corporation - Joint Stock Company (VEAM - code VEA) will close the right to pay dividends in 2023. Accordingly, November 20, 2024 will be the last registration date. The dividend rate offered this time is 50.3518% (1 share receives 5,035.18 VND). With 1.33 billion outstanding shares, VEAM plans to spend up to 6,691 billion VND for this dividend. However, with the majority of shares in the hands of State shareholders, it is expected that 6,000 billion VND will be paid to the Ministry of Industry and Trade .

Shareholders of Song Da Corporation - Joint Stock Company (code SJG - UPCoM floor) will also close the list of 2023 cash dividend payments on November 25, 2024. Dividend rate 10%. However, with nearly 450 million outstanding shares, it is expected that this unit will spend about 450 billion VND to pay dividends this time. Payment date December 16, 2024.

Nam Tan Uyen Industrial Park Joint Stock Company (stock code NTC) announced that the last day for shareholders to register to receive 2023 dividends at the rate of 60% (each share receives 6,000 VND) is November 25, and the payment date is December 18. The dividend payment amount is 144 billion VND. Phuoc Hoa Rubber Joint Stock Company is the largest shareholder of Nam Tan Uyen, holding 32.85% of capital (equivalent to 7.9 million shares), and will receive more than 47 billion VND. In addition, Vietnam Rubber Industry Group and Saigon GVR Investment Joint Stock Company will receive 29.4 billion VND and 28.7 billion VND, respectively.

Not long before the dividend payment announcement, Nam Tan Uyen recently signed a loan contract of VND2,618 billion at Vietcombank on October 25. The company said the purpose of the loan is to pay the land rent for the entire lease period from the state, serving the Nam Tan Uyen Industrial Park expansion project - phase II. Thanks to that, the cash flow of this industrial park real estate enterprise is abundant to serve investment plans.

Meanwhile, the Board of Directors of Nhon Trach 2 Petroleum Power Joint Stock Company (NT2) has just approved the adjustment of the remaining dividend payment period for 2023 from the fourth quarter of 2024 to the first quarter of 2025. The reason is that the company must review the operating situation of Nhon Trach 2 in accordance with actual conditions to ensure the optimization of cash resources for production and business activities. According to the plan approved by shareholders, Nhon Trach 2 will spend a total of VND 432 billion, equivalent to a dividend rate of 15%, including 7% of the first dividend that has been advanced. The remaining dividend rate is 8%.

Series of "big guys" provisionally pay trillion-dollar dividends

Also during this period, many businesses, based on good business results after the first 9 months of the year, also decided to immediately pay interim dividends for 2024 to shareholders. Most notably, Duc Giang Chemical Group (code DGC, HoSE) and its member company, Vietnam Apatite Phosphorus Joint Stock Company (code PAT, UPCoM) will pay interim dividends for 2024 at rates of 30% and 70%, respectively, in cash. Specifically, November 20, 2024 will be the last registration date for Duc Giang Chemicals and Vietnam Apatite Phosphorus to pay interim dividends for 2024. Dividends will be paid to shareholders on December 20, 2024.

Duc Giang - Lao Cai Chemical Joint Stock Company, the largest shareholder, holds more than 12.75 million PAT shares, equivalent to 51% of the charter capital of Phosphorus Apatite Vietnam. This is also a subsidiary in which Duc Giang Chemical holds 100% of the capital. Therefore, Duc Giang Chemical will receive an additional 89 billion VND in dividends.

Meanwhile, with nearly 380 million shares in circulation, Duc Giang Chemicals is expected to spend approximately VND1,140 billion on this dividend payment. As for Phosphorus Apatite Vietnam, with 25 million shares in circulation, the company is estimated to spend VND175 billion in this interim payment.

The provisional dividend payment (prepayment of dividends before the general meeting of shareholders approves the profit distribution plan) is a practice of Duc Giang Chemicals, usually carried out at the end of the year. However, in the past 5 years, the company has listed shareholders to receive provisional payments around December and actually paid them at the beginning of the year. This year, the dividend payment schedule has been pushed up earlier despite the decline in business results. In the first 9 months of the year, Duc Giang Chemicals reported a net profit of VND 2,322 billion, down 7% year-on-year and completing 74% of the yearly plan. Meanwhile, the after-tax profit of Phosphorus Apatite Vietnam reached VND 184 billion, down 21% year-on-year, completing 80% of the profit plan for the whole year of 2024.

Similarly, the "big guy" in the food and beverage (F&B) industry, Saigon Beer - Alcohol - Beverage Corporation (Sabeco, code SAB, HoSE) will also make a 2024 interim dividend payment at a rate of 20% in cash (1 share receives 2,000 VND). The last registration date is December 27, 2024 and the dividend will be paid to shareholders on January 23, 2025. With nearly 1.3 billion shares in circulation, Sabeco plans to spend nearly 2,600 billion VND on this interim dividend payment. Binh Minh Plastics Joint Stock Company (code BMP - HoSE) will close the list of shareholders to receive the first interim dividend payment in 2024 in cash at a rate of 57.4%, equivalent to 5,740 VND for each share owned. Last date of registration is 11/14/2024.

Source: https://baodautu.vn/mua-co-tuc-nghin-ty-dong-sap-ve-tai-khoan-co-dong-dip-cuoi-nam-d229478.html