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VietinBank to pay dividends in shares for last three years

By Sarah ChenVietnam
1 min read
Vietinbank
Vietinbank
In this article (4)

The government has approved VietinBank’s plans to pay dividends for 2017-19 at a total rate of 28.79 shares for every 100 owned.

The government owns a 64.46 percent stake in the lender.

CTG shares gained 6.1 percent to rise to a new all-time high of VND51,200 ($2.22) on Monday, and has gained 48 percent this year.

Its pre-tax profits rose by 2.7 times year-on-year in the first quarter to VND8.06 trillion.

Questions & Answers

Q.

What is the total dividend rate shareholders will receive for the 2017-19 period?

A.

Shareholders will receive a total dividend rate of 28.79 shares for every 100 shares they currently own. This plan has been approved by the government.

Q.

What is the current market value of VietinBank shares, and how have they performed this year?

A.

VietinBank shares reached a new all-time high of VND51,200 ($2.22) on Monday. The shares have seen a 48 percent gain in value over the course of this year.

Q.

How much pre-tax profit did VietinBank report in the first quarter, and how does this compare to last year?

A.

The bank reported pre-tax profits of VND8.06 trillion in the first quarter of the year. This figure represents a 2.7 times increase compared to the same period last year.

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