June 28, 2018 be the ex-dividend date to receive 2017 dividend in cash (not applicable to common shares) of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, coded VPB), according to the announcement from Viet Securities Depository Centre (VSD).
VPBank will make payment on July 6, 2018.
With more than 72 million preference shares in circulation, VPBank is expected to spend nearly 150 billion dong on making payment at this time.
Specifically, VPBank will issue 925 million shares, equal to 9.256 trillion dong to make dividend payment and increase share capital from equity. The ratio of additionally issued shares will be 61.8 percent, of which, 30.2 percent will be used to make dividend payment and 31.6 percent to increase chartered capital.
Besides the payment of dividend and bonus shares, this bank is also expected to acquire dividend preference shares to be treasury shares and distribute to shareholders.
Most recently, VPBank’s management board has just approved the acquisition of 73.2 million dividend preference shares (4.66 percent) to be treasury shares at more than 33,996 dong each. The estimated amount for this deal is nearly 2.5 trillion dong.
In 2018, according to Chair of the Board Ngo Chi Dung at the recent annual general meeting, though VPBank has increased capital scale quite largely, the payment of dividend and bonus shares is expected to continue maintaining at more than 60 percent.
Based on this plan, the pre-tax profit in this year is targeted to swell nearly 33 percent compared to 2017, to 10.8 trillion dong with the ROE at about 25 percent, and the ROA is improved from 2.54 percent to 2.7 percent.
