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Vietjet offers generous dividend payouts at the rate of 60%

By Rajiv MenonVietnam
1 min read
Vietjet Crew
Vietjet Crew
In this article (4)

Based on business results of the financial statements for the first quarter of 2017, the Board of Directors of Vietjet has announced to advance the first phase dividend for 2017 at the rate of 20% in the form of cash. The shareholder list confirmation date will be within July 2017.

Also, according to the issuance plan approved at the company’s annual shareholders meeting in 2016 and based on KPMG audited capital report for the first quarter of 2017, Vietjet agrees to offer a bonus sharedividend to the shareholders at the rate of 100:40 (a compliment of 40 shares per 100 shares owned). Theshareholder list confirmation date will be within July 2017 following the approval of the State Securities Commission of Vietnam, the same time with the list confirmation date for cash dividend distribution.

Accordingly, Vietjet shareholders will receive a 20% cash dividend and 40% bonus share dividend, totaling 60%.

Earlier in May 10, Vietjet finalized the shareholder list for cash dividend for 2016. After the 40% bonus share dividend, those shareholders who have already received shares and cash dividends of 119% for 2016 will continue to receive dividend advance for 2017.

Questions & Answers

Q.

What is the total dividend payout rate Vietjet shareholders are expected to receive?

A.

Vietjet shareholders will receive a total dividend of 60%. This comprises a 20% cash dividend and a 40% bonus share dividend, based on the first quarter 2017 financial statements.

Q.

When will the shareholder list for the 2017 dividend payouts be confirmed?

A.

The shareholder list for both the cash dividend and the bonus share dividend will be confirmed within July 2017. This follows the approval of the State Securities Commission of Vietnam for the bonus shares.

Q.

What was the total dividend received by shareholders for the 2016 financial year?

A.

For 2016, shareholders who had already received shares and cash dividends received a total of 119%. This included a cash dividend and a share dividend prior to the current 2017 dividend announcement.

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