Vietjet seeks shareholders opinion on dividend payout increase for 2017

Eleanor Steed
By Eleanor Steed December 4, 2017 15:08

Vietjet seeks shareholders opinion on dividend payout increase for 2017

The Board of Directors of Vietjet Aviation Joint Stock Company recently approved a resolution finalizing the shareholders list to collect shareholder opinion on increasing the 2017 estimated dividend payout ratio from 50% to 60%, including a maximum 40% cash dividend payment.

If approved, the 2017 estimated dividend payout ratio would be 60%, of which the cash dividend would increase from 30% to 40%. The purpose of this opinion collection exercise is to make necessary arrangements for the second dividend advanced payment in 2017.

In addition, Vietjet will also collect the opinion of shareholders on the change of its business lines and the address of its headquarters to No. 302/3 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi City. The registration deadline for submission of shareholders opinion in writing is 19 December 2017.

In mid-August this year, Vietjet advanced VND645 billion as 20% cash dividend payment for 2017. Before that, Vietjet also paid a 40% bonus share dividend and finalised the 2016 cash and bonus share dividend payment at the rate of 119%.

Eleanor Steed
By Eleanor Steed December 4, 2017 15:08