Vietjet to Confirm the Final Registration Date for 20% Cash Dividend Payment of the First Stage in 2017

Eleanor Steed
By Eleanor Steed July 17, 2017 14:58

Vietjet to Confirm the Final Registration Date for 20% Cash Dividend Payment of the First Stage in 2017

Vietjet Aviation Joint Stock Company will pay 2017’s first-phase dividend at the rate of 20% in cash (VND2,000 / USD0.90 compliment per share), following its Board of Director’s resolution issued on 14 July 2017.

The registration deadline is on 31 July 2017, marking the ex-dividend date on 28 July 2017. The dividend will be paid on 15 August 2017. With Vietjet’s charter capital of VND3,224 billion (USD142 million), the total dividend to be paid is equivalent to VND645 billion (USD28.3 million).

Besides the above dividend payment, Vietjet will also soon confirm the bonus share dividend at the rate of 40% following the allocation of 2016’s profits, which was approved during the company’s 2017 Annual Shareholder Meeting and under the consideration and approval process of the State Securities Commission. For the financial year ended 2017 (FYE2017), Vietjet plans to pay dividends of up to 50%.

For the first quarter ended 2017 (1Q2017), Vietjet’s audited redundancy capital was VND1,535 billion (USD67.5 million), unallocated after-tax profits standing at VND2,080 billion (USD91.5 million). The business result for the year’s second quarter is expected to be better compared to the budgeted plan.

Eleanor Steed
By Eleanor Steed July 17, 2017 14:58