Shareholders owning 1 PVI share will receive 3,200 VND in dividends. PVI is a company that regularly pays high dividends. This is the second highest dividend in the history of this company since its establishment.
PVI Joint Stock Company (code PVI - HNX floor) has just announced the last registration date to close the shareholder list to pay 2023 cash dividends at a rate of 32% (VND 3,200/share) on August 30, 2024. Thus, the ex-dividend date will be August 29, 2024. Dividends will be paid to shareholders on September 20, 2024.
With more than 234.2 million shares in circulation, PVI will spend nearly VND750 billion to pay dividends this time. Currently, HDI Global SE (a company 100% owned by Talanx Group) is the largest shareholder of PVI, owning more than 96 million shares (41.05%) and the second largest shareholder is Vietnam Oil and Gas Group (PVN) owning nearly 82 million shares (35%). These two units will receive VND235.6 billion and VND200.8 billion in dividends from PVI, respectively.
With a high profit margin, PVI is one of the insurance companies that regularly pay high dividends in recent years. Previously, at the 2024 Annual General Meeting of Shareholders, shareholders approved the 2023 cash dividend plan of 28.5%. However, the company said that thanks to the consolidated revenue in 2023 reaching VND 16,083 billion, exceeding the annual plan by 119% and consolidated pre-tax profit reaching VND 1,246 billion, exceeding the annual plan by 126%, PVI therefore increased its dividend payment plan to 32%.
This is the second highest dividend payout in the company's history since its inception. In 2021, PVI paid a dividend of 33%. In 2024, the company plans to pay a minimum dividend of 28.5%.
Regarding business performance, in the second quarter of 2024, PVI recorded total revenue of VND 4,812 billion, up 48% over the same period, of which original insurance premium revenue reached VND 2,878 billion, up 16.6% over the same period last year. Reinsurance premium revenue reached VND 1,645 billion, up 3.2 times over the same period last year. Profit after tax of parent company shareholders reached VND 276 billion, down 10.8% over the same period.
In the first half of 2024, PVI achieved VND 10,946 billion in total revenue, up 51% over the same period. Net profit after tax reached VND 636 billion, up 12.5%.
In 2024, the company's shareholders approved a plan for total revenue of VND 17,398 billion and pre-tax profit of VND 1,080 billion. The company has completed 63% of the revenue plan and 73% of the profit plan for the whole year of 2024 after 6 months.
At the Investor Conference with the theme "Leading the market, creating the future together" held in May 2024, PVI leaders said that the company is preparing steps to change floors, listing PVI shares on HoSE. According to the plan approved by the Government, Vietnam Oil and Gas Group will divest from PVI before the end of 2025. Currently, PVN owns 35% of capital at PVN and the first steps for the divestment roadmap have been prepared. However, divestment depends on many factors and requires careful preparation and advice. Along with that is the impact of favorable market factors.
On the stock market, PVI shares are trading at around VND52,400/share, equivalent to 17% compared to the year-end price.
Source: https://baodautu.vn/pvi-chot-quyen-tra-co-tuc-32-bang-tien-d223133.html
Comment (0)