Vinamilk to pay high dividends in cash, attracting investors' attention

ABO/NDO - The Vietnam Dairy Products Joint Stock Company (Vinamilk) is about to finalise the list of shareholders to receive cash dividend payments at the rate of 24.5%, equivalent to 5.12 trillion VND for 2.1 billion shares.

In such a volatile market period, Vinamilk’s high dividends are increasingly attracting the attention of investors.

Every shareholder will receive 2,450 VND for each share they possess.

Vinamilk is always in the top of enterprises with the highest cash dividend payments (Photo: vinamilk.com.vn).

July 7 will be the final registration date to make the list of shareholders to receive the remaining dividend of 2021 (rate 9.5%) and advance the first dividend of 2022 (rate 15%).

With 2.1 billion shares in circulation, Vinamilk is expected to pay out a total of 5.12 trillion VND to shareholders. This amount will be paid on August 19.

Vinamilk is always in the top of enterprises with the highest cash dividend payments. In recent years, the company has focused its money on investment projects to expand production and business, so the dividend to pay-out ratio has decreased slightly but is still among the top in the market.

Previously, at this year’s annual general meeting of shareholders, shareholders approved the dividend plan for 2021 at the rate of 38.5% in cash (3,850 VND per share), equivalent to over 8 trillion VND.

Vinamilk advanced 29% dividends to shareholders on September 30, 2021, and February 25, 2022. In addition, the dividend rate for 2022 is also 38.5% in cash.

(Source: NDO)