Among businesses paying cash dividends this week, the highest is 41.9% and the lowest is 1.8%.
According to statistics, there are 21 businesses announcing the finalization of dividends in the week of November 13 - 17. Of these, 16 businesses pay cash dividends, 2 businesses pay stock dividends, 1 business issues additional dividends, and 2 businesses pay combined dividends this week.
Among businesses paying cash dividends this week, the highest is 41.9% and the lowest is 1.8%.
On November 17, Vietnam Rubber Industry Group - JSC (code GVR) will finalize the list of shareholders paying dividends in 2022. Dividends are paid in cash at a rate of 3.5%, dividend Shareholders who own 1 share will receive 350 VND and with a volume of 4 billion outstanding shares, Vietnam Rubber Industry Group will have to spend 1,400 billion VND to distribute dividends to existing shareholders. The ex-dividend date is November 16, GVR's dividend payment time is expected to be December 8, 2023.
This is the dividend rate approved by the recent General Meeting of Shareholders, but is lower than the plan at the 2022 General Meeting of 5%. This year, GVR continues to adjust the dividend to 3%, and targets total revenue of 27,527 billion VND and profit after tax of 4,264 billion VND, down 2.8% and 10.3% respectively compared to previous years. results achieved in 2022.
Recently, Sonadezi Long Thanh Joint Stock Company (code SZL) plans to issue more than 9.11 million bonus shares with a ratio of 2:1, meaning shareholders who own 1 share will have 1 right to receive additional shares and for every 2 rights will receive 1 new share. The last registration date to finalize the list of shareholders to exercise their rights is November 17.
SmartInvest Securities (code AAS) announced that the last registration date to receive 2022 dividends in shares is 15/15. This securities company plans to pay stock dividends at a rate of 15%, equivalent to shareholders owning 100 shares will receive 15 new shares. With outstanding shares of nearly 200 million shares, AAS is expected to increase its charter capital to nearly 2,300 billion VND, more than 7 times higher than when the company first traded on UPCoM three years ago.
Vietnam Engine and Agricultural Machinery Corporation - Joint Stock Company (VEAM Corp - code VEA) has just announced the Board of Directors resolution on dividend payment in 2022 at a rate of 41.869% (1 share receives 4,186 VND). The closing date for the last list of registered shareholders to receive dividends is November 20, with expected payment time on December 20, 2023.
With 1.33 billion outstanding shares, VEAM is expected to spend nearly 5,570 billion VND for this dividend. Most of the above amount will belong to State shareholders. Specifically, the Ministry of Industry and Trade will receive more than VND 4,900 billion in dividends from VEAM thanks to holding 88.47% of the capital in this enterprise.
VinaCapital believes that the reduction in selling during a sharp market decline is a sign that the market will recover strongly once the factors causing the sharp correction subside.
The VN-Index recorded a decrease of 16% from mid-September to the end of October and has only shown signs of increasing again since last weekend, although Vietnam's economy is currently recovering from the decline at the beginning of the year. now. According to Mr. Michael Kokalari, Director of VinaCapital's Macroeconomic Analysis and Market Research Department, the reason why stocks were sold off, leading to a market correction, comes from three reasons.
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First, the devaluation of the VND raises concerns that the State Bank of Vietnam will tighten monetary policy to cope with the devaluation, while also promoting foreign investors to sell. .
Second, specific issues related to Vingroup's USD 250 million exchangeable bonds that can be exchanged for Vinhomes (VHM) shares caused VIC and VHM shares to be sold strongly, affecting the market. In general, these two codes account for about 10% of the VN-Index.
Third, securities companies' mortgage selling orders, combined with rumors about the control of some unofficial margin lending sources, seem to have fueled the sell-off of stocks in some sessions.