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Listed firms generous with dividend payouts
Many companies listed on the Ho Chi Minh Stock Exchange have announced fairly high dividend payouts.
Ben Tre Aqua Product Import and Export Joint-Stock Co. (ABT) has paid a dividend of VND4,000 per share. The seafood producer reported after-tax income of VND35 billion (US$2 million) in the first nine months, or VND4,732 per share.
Its net earning, which is set to reach this year’s target of VND39.6 billion, has encouraged the board of directors to pay a 40 percent dividend, a board member said.
Software giant FPT Corp. (FPT) has paid VND2,600 per share, or 26 percent, and issued bonus shares at the rate of one share for every two held.
The Hanoi-based company, 4.89 percent owned by Deutsche Bank, reported after-tax profit of VND508 billion ($30 million), or VND5,457 per share, for the first three quarters.
Though Binh Thanh Import-Export Production and Trade Joint Stock Co. (GIL) had planned to pay only VND1,800 per share, it ended up paying VND2,500.
Binh Thanh’s nine-month net profit reached VND20.5 billion ($1.2 million) and said this year’s net earning target of VND28 billion is within reach.
Nguyen Ngoc Thuc, chief broker at Empower Securities Co., said many listed firms opted to pay high dividends as they are trying to restore shareholders’ confidence, which has been hit hard by the market’s nosedive this year.
Mai Phuong
Thanh nien
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