Viet Nam Dairy Products Joint Stock Company (Vinamilk) has announced plans to finalise the list of shareholders that will receive its second dividend payment for 2018 on December 28.

According to the plan, dividends will be paid in cash at a ratio of 10 per cent, (VND1,000 per share), valuing the deal at more than VND1.74 trillion (US$74.4 million).

The dividend payment period is expected to begin on February 28, 2019.

On September 26, Vinamilk spent VND2.9 trillion on its first dividend payment for 2018.

The company’s dividend payout ratio for this year is 30 per cent, equivalent to more than VND5.22 trillion.

According to the financial report of the third quarter of 2018, the company recorded net revenue of nearly VND39.56 trillion, an increase of two per cent over the same period last year. The after-tax profit of shareholders of the parent company reached nearly VND7.93 trillion, down 7 per cent year-on-year.

As of September 30, Vinamilk’s total cash and short-term deposits were VND8 trillion, down significantly from VND11.1 trillion at the beginning of the year, mainly due to dividend payment. — VNS