VIB is about to spend more than 1,500 billion VND to pay cash dividends

Vietnam International Commercial Joint Stock Bank (HoSE: VIB ) has just announced the last registration date to close the list of shareholders to pay cash dividends in 2023.

Accordingly, the last registration date is January 22, 2024 with a dividend payment rate of 6%, equivalent to shareholders owning 1 share will receive 600 VND. The expected payment date is February 21, 2024. With more than 2.5 billion shares in circulation, VIB is expected to spend more than 1,500 billion VND for this dividend payment.

Previously, on January 4, VIB's Board of Directors approved a plan to pay cash dividends from undistributed profits. Specifically, the retained profits from previous years that have not been used are nearly VND519 billion and the accumulated net profit for the first 3 quarters of 2023 is VND1,003 billion.

According to VIB, the cash dividend advance plan developed by the bank ensures compliance with tax obligations and other financial obligations as prescribed by law, ensuring full payment of debts and property obligations due. At the same time, it ensures that the bank maintains all safety indicators at a good level.

Previously, in March and May 2023, VIB also spent more than VND 2,100 billion to pay cash dividends in 2022, at rates of 10% and 5%, respectively.

At the end of June, this bank also completed the issuance of 421.5 million bonus shares at a rate of 20% and issued 7.6 million ESOP shares to increase its charter capital to VND25,368 billion.

Regarding business performance, at the end of the third quarter of 2023, VIB recorded net interest income of VND 4,321 billion, up 12.7% over the same period last year. Pre-tax profit reached over VND 2,682 billion and after-tax profit reached VND 2,146 billion, down 3.9% over the same period in 2022.

In the first 9 months of 2023, VIB's net interest income reached about VND 13,027 billion, up 17.9% over the same period. Pre-tax profit reached more than VND 8,324 billion, up 6.5% over the same period.

As of September 30, 2023, VIB's total assets reached VND384,419 billion, up 12.2% compared to the end of last year. Of which, customer loans increased by 5.7% to VND241,890 billion.

On the stock market, at the end of the trading session on January 8, VIB shares stopped at the price of 20,900 VND/share with a trading volume of more than 6.1 million units .

Source: https://www.nguoiduatin.vn/vib-sap-chi-hon-1500-ty-dong-tra-co-tuc-bang-tien-mat-a644339.html