Duc Giang Chemicals to pay cash, share dividends

Thursday, Jul 16, 2020 06:45

Inside a plant of Duc Giang Chemicals Group JSC (HNX: DGC) in Lao Cai Province. — Photo ducgiangchem.vn

Duc Giang Chemicals Group JSC on August 20 will make a 5 per cent cash payment and a 15 per cent share issuance to complete its 2019 dividend plan.

Every shareholder will receive VND500 per share, valuing the cash dividend at VND64.68 billion (US$2.8 million) as Duc Giang Chemicals lists more than 129.36 million shares on the Ha Noi Stock Exchange.

Shareholders will also receive three new shares for every 20 shares they own.

The list of beneficiary shareholders will be finalised by August 10.

In January 2020, Duc Giang Chemicals made its first cash dividend payment at the rate of 10 per cent.

The company eyes total revenue in 2020 to increase 20 per cent year-on-year to VND6.08 trillion and total post-tax profit is expected to rise 22.5 per cent year-on-year to VND700 billion.

The firm also plans to pay a 30 per cent dividend for 2020.

Duc Giang Chemicals will cancel its listing on HNX on July 17 and move to the Ho Chi Minh Stock Exchange.

The company's shares (DGC) were flat on Wednesday, trading at VND39,900 apiece. — VNS

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