Pay 2,246 billion VND in cash dividends to shareholders from December 28, 2023
From December 28, 2023, Bao Viet Group will start paying cash dividends at a rate of 9.54%, equivalent to 954 VND per share.
With over 742 million shares in circulation, Bao Viet will spend over VND708 billion to pay dividends to existing shareholders. In the context of the global economy and market with many unstable and unpredictable fluctuations, the dividend payout ratio of 9.54% in cash can be considered a stable dividend with great potential not only in the insurance industry but also in the current stock market.
After this dividend payment, the total amount expected to be paid to Bao Viet shareholders from equitization (2007) to the end of 2023 will be more than VND 12,400 billion.
Bao Viet started paying dividends to shareholders from December 28.
As a leading insurance company with strong financial capacity, Bao Viet always fulfills its commitments to shareholders and strives to increase value for investors. Since equitization, the total amount of money Bao Viet has paid to the State Budget has reached more than 28,000 billion VND.
Profit in the first 9 months of 2023 increased by 14.1%
After the first 9 months of the year, consolidated pre-tax and after-tax profits reached VND 1,712 and VND 1,428 billion, respectively, up 10.2% and 14.1% over the same period in 2022. Total consolidated revenue reached VND 42,777 billion, up 6.2%. Total consolidated assets as of September 30, 2023 reached VND 215,293 billion, up 6.8% compared to December 31, 2022.
The Parent Company's total revenue reached VND 1,164 billion, profit after tax reached VND 826 billion, closely following the plan approved by the General Meeting of Shareholders. The Parent Company's total assets reached VND 18,278 billion, equity reached VND 18,090 billion, growth of 4% and 4.6% respectively compared to December 31, 2022.
Towards the 60th anniversary of its establishment (January 15, 1965 - January 15, 2025), Bao Viet implements a sustainable development strategy in its business strategy to create new values and share those values with the community.
In 2023, Bao Viet was recognized in the Corporate Sustainability Assessment (CSA) of S&P Global. To be evaluated in the DJSI, Bao Viet needs to meet strict requirements on many factors such as: corporate financial health, stock value, transparency, sustainable business operations, etc.
Bao Anh
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