Products of Masan Consumer. MCH will pay a cash dividend of 45 per cent for 2020. — Photo courtesy of Masan

Masan Consumer (MCH) will pay a 45 per cent cash dividend for 2020 on June 14.

June 2 is the record date.

Shareholders whose shares are not in the depository can get the dividend at the company’s accounting office at MPlaza Saigon, 39 Le Duan in HCM City’s District 1.

MCH, which has a free float of 708.9 million shares, will pay out over VND3.19 trillion (US$138.5 million).

It targets net revenues of VND 27 - 30.5 trillion ($1.17-1.32 billion) this year, an increase of 16-31 per cent, and profit after tax of VND5- 5.5 trillion ($217-238.7 million), an increase of 11-22 per cent.

Its net revenues in the first quarter grew by 18.8 per cent to VND5.494 trillion, with 42 per cent of growth contributed by new products launched in 2020.

MCH is one of the largest branded consumer goods company in Viet Nam with a focus on power brands and innovation. — VNS