Vinamilk to pay 40% dividend in cash

Monday, Aug 08, 2016 17:54

Vinamilk will pay VND4.8 trillion as dividend for Q1 on August 31. — Photo
HA NOI (Biz Hub) — Viet Nam Dairy Products Joint Stock Company (Vinamilk) announced that they would pay a 40 per cent dividend in cash on August 31 for the first quarter of 2016.

According to Vinamilk, the owner of each share will receive VND4,000. Thus, the firm was expected to pay VND4.8 trillion (US$216 million) for the current over 1.2 billion shares. As Vinamilk's largest shareholder, with a stake exceeding 45 per cent, the State Capital Investment Corporation will receive some VND2.16 trillion.

On August 3, Vinamilk has announced its final list of shareholders for the next issuance of nearly 242 million shares to raise equity. Vinamilk said it would release the new shares at a ratio of 5:1, where shareholders holding five old shares would receive one new share. The shares issued were valued at more than VND2.4 trillion.

After H1, Vinanilk earned more than VND21 trillion in revenue and VND4.8 trillion in after–tax profit in the first half, an increase of 17 per cent and 32 per cent year-on-year, respectively.

After the issuance is completed, Vinamilk will have more than VND14.5 trillion in charter capital.

As the country's largest dairy firm, Vinamilk stock (VNM) was always in the top three in the domestic stock market. VNM has so far risen about 50 per cent over a year. On August 8, each VNM share ended at VND158,000 on the HCM Stock Exchange. — VNS

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