The Board of directors of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has just approved the dividend payment plan for 2018 for its shareholders.
Specifically, Vietcombank will pay a cash dividend of eight percent to shareholders, equivalent to 800 dong per share. The last day to register to exercise the right to receive dividends in 2018 is December 31, 2019, corresponding to the ex-dividend date of December 30, 2019. The date of payment of dividend is January 15, 2020.
With more than 3.7 billion shares in circulation, Vietcombank is expected to spend about 2.97 trillion dong to pay dividends to shareholders.
In the first nine months, the bank’s profit before tax reached 17.613 trillion dong, up 51 percent over the same period. According to Vietcombank leaders, the bank is able to exceed its profit target this year.
