Shareholders of a company unexpectedly receive dividends after more than a decade

After more than a decade, shareholders of Vietnam Maritime Transport Joint Stock Company will receive dividends.

Vietnam Maritime Transport Joint Stock Company (Vosco - stock code VOS) announced that it will close the shareholder list to pay dividends for 2024 on September 12. Accordingly, VOS will pay cash dividends at a rate of 11%, meaning that shareholders owning 1 share will receive 1,100 VND. The payment date is October 10. Notably, this is the first time VOS shareholders have received dividends since 2011 (when the company paid for 2010 at a rate of 8%).

With 140 million shares in circulation, Vosco will spend 154 billion VND to pay dividends to shareholders this time. Of which, Vietnam National Shipping Lines - Vosco's parent company holding 51% of charter capital, will receive more than 78 billion VND.

Vosco shareholders unexpectedly receive dividends after more than a decade

PHOTO: NGOC THANG

Not only did the company unexpectedly pay dividends after more than a decade, it also spent a large sum of money despite its loss-making business in the first half of 2025. Specifically, in the first 6 months of the year, VOS achieved net revenue of VND 1,298 billion, down more than 56% compared to the same period last year and reported a loss of nearly VND 44 billion while in the same period last year it had a profit of VND 358 billion.

According to the company's explanation, in previous years, shareholders were not paid dividends because by the end of 2022, the company had overcome all accumulated losses from a long period of difficulty in the shipping market (2013 - 2020). In the past, the company had liquidated a number of old ships with poor technical condition, no longer suitable for the target exploitation market, but had not invested in ships due to the financial situation not allowing or due to some problems in regulations on ship investment procedures. In 2023, the company had a profit after tax of more than 151 billion VND, but after setting aside funds, there was no money left. Therefore, the company did not pay dividends to have financial resources to focus on the investment plan to develop the fleet, with the long-term goal of ensuring stable, effective and sustainable operations.

VOS shares are trading on the HOSE at VND14,300/share, down 25% compared to the beginning of this year.

Source: https://thanhnien.vn/bat-ngo-co-dong-mot-doanh-nghiep-sau-hon-thap-ky-duoc-nhan-co-tuc-185250824084206218.htm