Vinamilk to spend $75m to advance 2019 dividend

Viet Nam Dairy Products Joint Stock Company (Vinamilk), one of the country's leading dairy producers, has agreed to pay the second interim dividend for 2019.

A farm of dairy producer Vinamilk in Don Duong District, Lam Dong Province. — VNA/VNS Photo Pham Kha

Viet Nam Dairy Products Joint Stock Company (Vinamilk), one of the country's leading dairy producers, has agreed to pay the second interim dividend for 2019.

The dividend will be paid in cash at the rate of 10 per cent, meaning that a shareholder will receive VND1,000 for each of his/her share.

With over 1.7 billion shares in circulation, the company expects to spend VND1.74 trillion (US$74.8 milion) to pay dividends.

The last registration date is December 2 this year. The date of payment is scheduled for February 28, 2020.

The company targets VND56.3 trillion in total revenue and VND10.5 trillion in net profit for 2019.

Vinamilk shares are listed on the Ho Chi Minh Stock Exchange as VNM and climbed 0.25 per cent to end Monday morning session at VND118,300 per share. — VNS

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