Since the beginning of November, a series of businesses have decided to pay cash dividends. One business even unexpectedly increased its cash dividend rate from 24% to 133%.
At the end of the year, many shareholders receive hundreds of billions in cash from dividends - Photo: QUANG DINH
Enterprises in the hands of Thai people "care" to pay dividends
Next week alone (from November 11 to 15), nearly 10 businesses will set the right to pay cash dividends, notably Binh Minh Plastics Joint Stock Company (BMP) with a fairly high rate.
According to the resolution of the board of directors, BMP will pay the first cash dividend for this year in the amount of 470 billion VND; equivalent to 57.4% of the par value of the shares (each share receives 5,740 VND).
Last registration date is November 14, payment date is December 5. The "rain" of cash dividends mainly flows into the account of Nawaplastic Industries - a member of SCG Group from Thailand, holding 54.99% of BMP shares.
Previously, according to the resolution of the general meeting of shareholders, BMP decided to allocate at least 50% of its after-tax profit in 2024 to pay dividends. But the first advance payment alone reached 57.4%.
Observing in recent years, BMP has used most of its profits to pay cash dividends. For example, in 2023, Binh Minh Plastics paid cash dividends at a rate of 126%, equivalent to 12,600 VND per share.
This means that the "big guy" in the plastics industry used 99% of its after-tax profit achieved last year to pay cash dividends.
Another company in Thai hands, Sabeco, also regularly pays high cash dividends. Every year, Vietnam Beverage Co., Ltd., a subsidiary of Thai Beverage Group, which holds 53.6% of the capital, regularly receives thousands of billions of VND from its investment in Sabeco.
Also related to dividends, a pharmaceutical company recently surprised everyone by paying an additional dividend of 109%/share after closing the dividend at 24% at the 2024 shareholders' meeting in April 2024.
That is Pharmedic Pharmaceutical Joint Stock Company (PMC) . In the newly announced resolution, Pharmedic said that the general meeting of shareholders unanimously approved the payment of cash dividends from undistributed after-tax profits at a rate of 109%/share.
The above dividend amount does not include the 24% dividend rate that has been finalized from the after-tax profit of the 2024 production and business plan.
Instead, Pharmedic will use the investment fund refund of more than VND101 billion to divide further. Thus, the total expected rate is up to 133%.
The data reflects that Pharmedic is a pharmaceutical company with a tradition of paying cash dividends to shareholders. The dividend rate for many years has mostly been over 20%.
As of the end of June this year, Saigon Pharmaceutical Company Limited - Sapharco (State shareholder) is the largest shareholder of PMC with 43.44% of capital, followed by Saigon - Hanoi Securities (SHS) with 14.6%...
Businesses that "live well" from dividends pay huge dividends
The most impressive in terms of annual dividend payments is the Vietnam Engine and Agricultural Machinery Corporation (VEAM) .
VEA has just closed the right to pay dividends for 2023 with the last registration date being November 20. Dividend rate is 50.3518%, each VEA share will receive 5,035.18 VND.
VEA has nearly 1.33 billion shares in circulation, and is estimated to spend nearly VND6,700 billion on this dividend. In recent years, VEAM's cash dividend has often been at 40-50% per year.
However, the majority of shares are held by state shareholders (88.47%). Like in the next round, about 6,000 billion VND will "flow" to the Ministry of Industry and Trade.
The financial statements for many years show that VEAM’s parent company’s profits are not outstanding. Positive contributions to VEAM’s consolidated profits come from dividends received from joint ventures and affiliated companies such as Honda Vietnam, Toyota Vietnam and Ford Vietnam…
According to the consolidated financial report for the third quarter of this year, the profit from joint ventures and associates in the first 9 months of the year brought VEAM 4,365 billion VND, an increase of 8% over the same period.
Also at the end of the year, many companies decided to pay interim dividends for 2024 to shareholders. For example, Duc Giang Chemical Group (DGC) decided to pay interim cash dividends at a rate of 30%, with payment date on December 20.
According to the provisions of the Enterprise Law 2020, dividends must be paid in full within 6 months from the date of closing of the annual general meeting of shareholders.
Because the general meeting of shareholders usually takes place from April to May every year, the end of the year is also the time when many businesses finalize their profit distribution plans according to the plan approved by shareholders.
Investors live on dividendsc
Source: https://tuoitre.vn/nhieu-doanh-nghiep-ve-tay-nguoi-thai-cham-chia-co-tuc-20241110173645893.htm
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