SHB sets time to pay cash dividends

Saigon - Hanoi Commercial Joint Stock Bank ( SHB ) has just announced the Resolution of the Board of Directors approving the last registration date to exercise the right to pay 2023 cash dividends at a rate of 5% (shareholders owning 1 share receive 500 VND).

Accordingly, the last registration date for shareholders to exercise their right to receive dividends is July 19, 2024. The expected payment date is August 6, 2024.

Previously, SHB's 2024 Annual General Meeting of Shareholders approved the 2023 profit distribution plan. Accordingly, the bank plans to pay dividends in shares and cash at a total rate of 16%.

Specifically, SHB's individual after-tax profit in 2023 is VND7,320 billion. The remaining profit after setting aside funds is VND5,929 billion. The bank plans to use the above profit to pay dividends to shareholders.

Of which, the amount to pay cash dividends at a rate of 5% is VND 1,831 billion and the remaining VND 4,028 billion will be used to pay stock dividends at a rate of 11%.

SHB stock price movements in the past month.

Recently, SHB has completed the issuance of 43.5 million ESOP shares and the Bank's charter capital has increased to VND36,629 billion. It is expected that after paying stock dividends at the rate of 11%, the bank's charter capital will increase to VND40,657 billion.

Since 2013, this is the first time in 10 years that SHB has paid cash dividends. In 2013, the bank paid cash dividends at a rate of 7.5%. In 2023, the bank paid 2022 dividends in shares at a ratio of 100:18 (owners of 100 shares receive 18 new shares).

In the stock market, in the latest developments, Ho Chi Minh City Stock Exchange (HoSE) informed about the trading results of Mr. Do Quang Vinh - Vice Chairman of the Board of Directors and Deputy General Director of SHB.

Mr. Vinh completed the transaction of 74.5 million SHB shares in the trading session on June 26, successfully increasing his ownership to 101.2 million shares, equivalent to 2.8% of the bank's capital. With the closing price of SHB shares on June 26 at VND11,350/share, Mr. Vinh is expected to have spent about VND846 billion to buy the above shares .

Source: https://www.nguoiduatin.vn/shb-chot-thoi-gian-tra-co-tuc-bang-tien-mat-a671037.html