Vinamilk to spend $75m to advance 2019 dividend

A farm of dairy producer Vinamilk in Đơn Dương District, Lâm Đồng Province. — VNA/VNS Photo Phạm Kha

HÀ NỘI — Việt Nam Dairy Products Joint Stock Company (Vinamilk), one of the country's leading dairy producers, has agreed to pay the second interim dividend for 2019.

The dividend will be paid in cash at the rate of 10 per cent, meaning that a shareholder will receive VNĐ1,000 for each of his/her share.

With over 1.7 billion shares in circulation, the company expects to spend VNĐ1.74 trillion (US$74.8 milion) to pay dividends.

The last registration date is December 2 this year. The date of payment is scheduled for February 28, 2020.

The company targets VNĐ56.3 trillion in total revenue and VNĐ10.5 trillion in net profit for 2019.

Vinamilk shares are listed on the Hồ Chí Minh Stock Exchange as VNM and climbed 0.25 per cent to end Monday morning session at VNĐ118,300 per share. — VNS

Tags dividend Vinamilk dividend payout

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