Vinamilk (VNM) to pay dividends in September

Viet Nam Dairy Products Joint Stock Company (Vinamilk) has announced plans to finalise the list of shareholders that will receive its first round of dividend payments for 2018 in the form of cash and shares on September 6.

According to the plan, dividends will be paid in cash at a ratio of 20 per cent, with payments starting from September 26.

Vinamilk will also issue 290.24 million bonus shares to increase shares capital from equity. Bonus shares are divided by a 5: 1 ratio, which means that for every five ordinary shares held on September 6, shareholders will receive one bonus share.

Equity capital from share premiums is nearly VND261 billion (US$11.2 million) while that from the development investment fund is more than VND2.64 trillion.

At present, Vinamilk has over 1.45 billion shares in circulation. After the payments, the dairy company is expected to increase its charter capital to over VND17.41 trillion.

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