Dinh Vu Port to pay 2022 dividend in cash

Dinh Vu Port Investment and Development JSC (DVP) plans to pay the second tranche of 2022 dividend payment at the rate of 50 per cent in cash, which means each VND5,000 is equivalent to one share.

The Nam Hai-Dinh Vu Port in Dinh Vu-Cat Hai Economic Zone. — Photo namhaiport.com.vn

Dinh Vu Port Investment and Development JSC (DVP) plans to pay the second tranche of 2022 dividend payment at the rate of 50 per cent in cash, which means each VND5,000 is equivalent to one share.

The company decided June 29 as the last registration date to receive dividends.

With 40 million shares outstanding, DVP is expected to spend VND200 billion (US$8.5 million) to pay dividends this time. The expected payment date is July 28.

Regarding the business plan in 2023, DVP sets an output target of 610,000 Teus; revenue of VND716.2 billion and pre-tax profit of VND360 billion, up 22 per cent and 4 per cent, respectively, compared to the results achieved in 2022.

The dividend rate in 2023 is expected to be at least 50 per cent of the charter capital.

On the stock market, DVP shares are trading around VND58,200 per share. VNS

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