Updated  
April, 07 2014 08:27:00

Ha Giang firm leads amidst high dividend payout ratios

Ha Giang Mineral Mechanics Joint Stock Company (HGM) is now the company with the highest dividend payment ratio, which stands at 70 per cent. — File Photo

HA NOI (VNS)— Many companies announced the payment of dividends at high ratios at this shareholders' meeting season.

Ha Giang Mineral Mechanics Joint Stock Company (HGM) is now the company with the highest dividend payment ratio, which stands at 70 per cent. The shareholders' meeting also agreed on the ratio of 50 per cent for 2014.

Dam Sen Water Park (DSN), Ben Tre Aquaproduct Import and Export Joint Stock Company (ABT) and Vinh Plastics and Bags Jsc. (VBC) were also among those with high dividend payout ratios, ranging from 50 per cent to 60 per cent, for 2013.

Viet Nam Container Shipping Corporation (VSC) recently announced the payment of dividend at a ratio ranging between 20 and 30 per cent. The company's general shareholders assembly approved the turnover and after-tax profit target for this year, at VND785 billion ($37.3 million) and VND187.5 billion ($8.5 million) respectively.

Hoa Phat Group (HPG), giant steel maker, agreed to a dividend payout ratio of 30 per cent, half of which was in cash and half in shares.

Hoa Phat Group targeted a turnover of VND23 trillion ($1.09 billion) and VND2.2 trillion ($104.7 million) in after-tax profit in 2014, after reporting VND19.2 trillion ($914 million) in turnover and VND2.01 trillion ($95.7 million) in profit last year.

In this shareholders' meeting season, many companies decided to pay dividends in shares, besides cash or instead of cash, given the recovery of the stock market. Vietcombank (VCB) planned to pay dividend for 2013 at a ratio of 12 per cent in shares.

Besides Hoa Phat and Vietcombank, technology giant FPT Group (FPT) also paid dividends at 55 per cent for 2013, 30 per cent of which was in cash and 25 per cent in shares.

Investors prefer cash when the market is down. However, shares are preferred when the market rebounds as shareholders benefit when shares rise while companies can retain money – which would otherwise have been paid to shareholders – for expanding operation and businesses. —VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Authorities step in to save old trees 1    Authorities step in to save old trees

The Ha Noi People's Committee has asked Ha Noi Urban Railway Management Unit to try to avoid chopping down many old trees to make way for a future metro line.

Young travellers rescue bus accident victims Young travellers rescue bus accident victims

A group of 16 young Vietnamese motorbikers were first on the scene at last Monday's tragic bus accident on its way from the resort town of Sa Pa, which killed 13 of the 50 passengers on a sleeper bus.

Capital's new urban areas still without safe tap water Capital's new urban areas still without safe tap water

People living in apartment buildings of the capital's new urban areas are expressing concern over poor-quality tap water.

Minister acts on highway peril Minister acts on highway peril

The Ministry of Transport has urged Lao Cai People's Committee to co-ordinate the completion of the highway linking Noi Bai airport with Lao Cai and the resort town of Sa Pa.

VN film triumphs at Venice festival VN film triumphs at Venice festival

A film by Vietnamese female director Nguyen Hoang Diep beat seven other foreign debut features to win the Best Film prize at the 2014 Venice International Film Festival's International Critics' Week.