VGG to pay 30% dividend in cash

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Việt Tiến Garment Corporation (VGG) will pay a dividend of 30 per cent in cash on May 20, the corporation announced yesterday

Việt Tiến Garment Corporation plans to pay 30 per cent dividend in cash on May 20. — Photo vietstock.vn

HÀ NỘI — Việt Tiến Garment Corporation (VGG) will pay a dividend of 30 per cent in cash on May 20, the corporation announced yesterday.

With a total 28 million shares, the corporation will pay a dividend of VNĐ3,000 for each share, thus, it is expected to pay VNĐ84 billion in cash.

The entire 28 million shares of VGG, as a leader in the local textile and garment industry, started trading in the unofficial listed market on March 10 at a reference price of VNĐ40,000 each. In 2015, VGG registered more than VNĐ6.3 trillion in revenue and VNĐ242 billion in profit.

VGG will conclude a list of shareholders for the dividend before its first annual general meeting on March 25. After three trading days, each share is now valued VNĐ74,000 in the market. — VNS


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