Vinamilk regularly pays high dividends - Photo: Vinamilk
Nearly 6,000 billion VND is about to "flow into the pockets" of Vinamilk shareholders
Many listed companies have announced plans to pay dividends in cash. For example, Vietnam Dairy Products Joint Stock Company - Vinamilk (VNM) has just issued a resolution to pay the remaining dividend of 2024 (3.5%) and the first interim dividend of 2025 (25%).
The total payout ratio of VNM is up to 28.5% in cash, equivalent to 2,850 VND/share. The last registration date to receive dividends is October 17, after which payment will be made 7 days later.
With more than 2 billion shares in circulation, the total amount Vinamilk plans to spend this time is nearly 5,960 billion VND.
Thus, Vinamilk's total cash dividend for 2024 is 43.5%, equivalent to a value of more than VND 9,000 billion. This is also the highest dividend that the dairy giant has paid to shareholders since 2018 (45%).
According to the 2024 annual report, Vietnam's largest dairy company has 20 major shareholders. The largest shareholder is SCIC, holding 36% of capital, followed by F&N Dairy Investments Pte, Ltd with 17.7% of capital and Platinum Victory Pte with 10.6%. The remaining shareholders only hold 0.3 - 2.7%.
Analysts say that paying large dividends equivalent to profits continues to strengthen VNM's position as a defensive stock, prioritizing regular dividends instead of reinvestment and expansion.
Vinacafé Bien Hoa pays huge dividend of 480%
In the agricultural enterprise group, Son La Sugarcane Joint Stock Company (SLS) also announced that on October 8, it will close the shareholder list to pay dividends for the fiscal year 2024 - 2025 at a rate of 150% in cash (equivalent to VND 15,000/share), the expected payment date is October 28.
With nearly 9.8 million shares in circulation, the estimated payout is about VND147 billion. This is not the first time SLS has maintained a high payout ratio. In the 2023-2024 fiscal year, the company paid up to 200%, in the 2022-2023 period it was 150% and in 2021-2022 it was 100%.
Vinacafé Bien Hoa (VCF) is also known as the "dividend king" when it announced a 2024 dividend plan with a rate of up to 480% in cash (ie 48,000 VND per share).
With more than 26.6 million shares in circulation, the amount the company must pay to shareholders is nearly 1,280 billion VND. The payment date is October 8th.
However, most of this dividend will "flow into the pocket" of the parent company - Masan Beverage Company Limited - a member of Masan Group, the unit holding 98.79% of VCF's capital, with a value of about 1,260 billion VND. The remaining small amount will be divided among 537 small shareholders.
VCF has been famous for many years for its "huge" dividend policy, shocking the market in 2017 when it paid up to 66,000 VND/share. From 2017 to now, this enterprise has always maintained a cash dividend rate of 250% to over 400%.
VCF is also the most expensive stock on the market. However, on October 1, this stock hit the floor at 306,900 VND/unit, after a series of consecutive declines.
Meanwhile, Vinh Hoan (VHC) has also approved a plan to pay interim dividends for 2025. The payout ratio is 20% in cash (VND 2,000/share). With more than 224 million shares in circulation, the total amount expected to be allocated is about VND 448 billion.
The deadline for closing the shareholder list is September 30, and payment is expected on October 15. According to the audited semi-annual consolidated financial report, Vinh Hoan's undistributed profit after tax reached more than VND6,842 billion, which is the source of capital for payment.
Cash dividend policy is a measure of a company's ability to generate profits and allocate capital.
For investors, dividend history and plans can be important indicators, but they need to be viewed in the context of a larger picture, including financial health, business strategy and personal investment objectives. A good investment decision is usually based on a comprehensive and careful assessment, rather than depending on a single factor.
Source: https://tuoitre.vn/mua-co-tuc-tien-mat-mot-ong-lon-chi-ti-le-soc-480-vinamilk-cung-tra-gan-6-000-ti-20251001212730479.htm
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