The Board of Directors of Vietnam Prosperity Joint Stock Commercial Bank ( VPBank - HoSE:VPB) has just announced the approval of the last registration date to close the right to pay dividends in 2022.
Specifically, VPBank will pay cash dividends at a rate of 10%, equivalent to shareholders owning 1 share receiving 1,000 VND. The last registration date is November 10, 2023, the ex-dividend date is November 9. The expected payment date is November 20, 2023.
Previously, VPBank's General Meeting of Shareholders in April 2023 approved the payment of cash dividends at a rate of 10%, with the expected payment amount being VND 7,933 billion.
The source of expenditure is from the bank's undistributed profits after setting aside funds as of December 31, 2022, according to the 2022 financial report, which is VND 15,288 billion. In addition to the amount spent on dividends, VPBank retains VND 7,355 billion in profits to serve the bank's business operations.
The recently announced dividend plan shows that VPBank's Board of Directors has fulfilled the commitment made at the recent General Meeting of Shareholders. According to VPBank Chairman Ngo Chi Dung, in the 5-year strategy 2022 - 2026, the bank aims to pay cash dividends for 5 consecutive years. With the foundation, VPBank will strive to maintain high growth and spend 30% of annual profits to pay cash to shareholders.
According to information from HoSE, VPBank's dividend distribution has not been continuous over the years. Specifically, in the two most recent dividend years of 2017 and 2021, VPBank shareholders received stock dividends at rates of 30.217% and 62.15%, respectively.
VPB stock price movements over the past 6 months (Photo: TradingView).
On the stock market, at the end of the session on October 16, VPB shares increased by 2.51% to VND 22,500/share with a trading volume of more than 26 million units .
Thu Huong
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