TPBank closes the right to pay stock dividends in September

Tien Phong Commercial Joint Stock Bank (TPBank - HoSE: TPB) has just announced the Resolution of the Board of Directors approving the last registration date to exercise the rights for existing shareholders to pay dividends in shares.

Accordingly, the bank plans to issue shares to pay dividends at a rate of 20% (shareholders owning 100 shares on the record date will receive 20 new shares).

The maximum number of shares that TPBank plans to issue is 440.3 million additional shares. The last registration date to exercise the rights is September 24, 2024.

After the issuance, TPBank's charter capital is expected to increase by VND4,403 billion, equivalent to an increase from VND22,016 billion to a maximum of VND26,419 billion.

Previously, on August 21, the State Bank also issued a document approving TPBank's increase in charter capital by issuing shares to pay dividends to existing shareholders.

At the 2024 Annual General Meeting of Shareholders, TPBank decided to pay 2023 dividends at a rate of 25% in the form of cash and shares. The source of payment is taken from undistributed profits after setting aside funds, according to the audited financial statements.

In July 2024, TPBank spent more than VND 1,100 billion to pay cash dividends to shareholders at a rate of 5%, equivalent to shareholders owning 1 share receiving VND 500.

The source of capital for payment is from undistributed profits after setting aside funds as of December 31, 2023 according to the Resolution of the 2024 Annual General Meeting of Shareholders.

Previously, in 2023, the bank spent nearly VND 4,000 billion to pay cash dividends to shareholders at a rate of 15%. At the same time, it distributed bonus shares at a rate of more than 39.19%.

On the stock market, in the morning trading session on September 11, TPB shares increased by 0.28% compared to the previous session to VND 17,850/share with a trading volume of more than 1.7 million units.

Source: https://www.nguoiduatin.vn/tpbank-chot-quyen-chia-co-tuc-bang-co-phieu-trong-thang-9-204240911112435787.htm