KDC, TAC to pay dividends in cash

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Food producer Kido Group has announced it will pay a 16 per cent dividend in cash for 2016.

Food producer Kido Group has announced it will pay a 16 per cent dividend in cash for 2016.—Photo nld.com.vn

Food producer Kido Group has announced it will pay a 16 per cent dividend in cash for 2016.

The company will finalise the shareholders list on July 26 and the payment date will be August 7.

With 205.6 million shares being traded in the market at that moment, the company has to pay out around VND330 billion (US$11.8 million).

This year Kido targets revenues of VND7.7 trillion ($337,000) and profit before tax of VND490 million ($22,000).

The Tuong An Vegetable Oil Stock Company (TAC) meanwhile said it is seeking shareholders’ opinions on dividends for 2016.

TAC plans to pay 16 per cent.

The record date will be July 21. — VNS

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