HTN will spend VND 37.5 billion and issue 3.75 million stocks to pay dividends for the fiscal year 2017.
Recently on November 22nd, 2018, the State Securities Commission of Vietnam issued the Document No. 7685 / UBCK-QLCB on issuing stocks to pay dividends of Hung Thinh Incons Joint Stock Company (HOSE: HTN). Accordingly, Hung Thinh Incons has submitted the dossier to close the list of shareholders to pay dividends with a total payment of 30%, strictly complying with the profit distribution commitment of 2017 right after listing.
In which, shareholders will enjoy 15% dividend in cash (1 stock shall receive VND 1,500) and 15% by shares (100 stocks shall additionally receive 15 stocks). With 25 million circulating stocks, HTN expects to spend VND 37.5 billion in cash and issue 3.75 million stocks to pay dividends to shareholders. Thereby, the charter capital of the Company will increase by VND 287.5 billion.
The record date is December 03rd, 2018, the time for dividend payment started from December 17th, 2018.
Currently, Hung Thinh Incons has huge financial resources to ensure the ability to pay dividends to shareholders with nearly VND 269 billion of retained profit and VND 133 billion of cash capital.
With 30% dividend and current market price of 29,500 VND / share, compared to some companies in the same sector, HTN’s dividend is quite attractive. Coteccons paid 50% dividend in cash for 2017 but with a market price at 150,000 VND / share. Phuc Hung Holdings Construction JSC (PHC) paid 2017 dividend at 12% on the market price of about 14,000 VND / share. Tan Ky Construction Real Estate Trading Corporation (TKC) had a 10% dividend in cash compared to the market price of 29,000 VND / share. Particularly, Hoa Binh (HBC) paid dividends in 2017 at the rate of 50%, quite high in the market price of about 18,000 VND / share but equal to stock.
In 2018, HTN planned to achieve VND 4,054 billion in revenue and VND 180 billion in profit after-tax. According to the Company, profit of Quarter 4 / 2018 will reach at least VND 66 billion and ensure the completion of the yearly profit plan. EPS for the whole year continues to increase and brings optimal benefits to shareholders.
By ndh.vn
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- http://vneconomy.vn/vua-len-san-hung-thinh-incons-sap-tra-co-tuc-voi-ty-le-30-20181123121342505.htm
