Vietjet seeks shareholders opinion on dividend payout increase for 2017
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he Board of Directors of Vietjet Aviation Joint Stock Company (stock code HoSE: VJC) approved on November 29, 2017 a resolution finalizing the shareholders list to collect shareholder opinion on increasing the 2017 estimated dividend payout ratio from 50% to 60%, including a maximum 40% cash dividend payment.
If being approved, the 2017 estimated dividend payout ratio would be 60%, of which the cash dividend would rise from 30% to 40%. The purpose of this opinion collection exercise is to make necessary arrangements for the second dividend advanced payment in 2017.
In addition, Vietjet will also collect the opinion of shareholders on the change of its business lines and the address of its headquarters to No. 302/3 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi City. The registration deadline for submitting opinion in writing is December 19, 2017.
In mid-August this year, Vietjet advanced VND 645 billion (around USD 28.5 million) as 20% cash dividend payment for 2017. Before that, Vietjet also paid a 40% bonus share dividend and finalized the 2016 cash and bonus share dividend payment at the rate of 119%.
Questions & Answers
Q.What is the new proposed dividend payout ratio for 2017?
What is the new proposed dividend payout ratio for 2017?
Vietjet's Board of Directors has approved a resolution to collect shareholder opinion on increasing the 2017 estimated dividend payout ratio from 50% to 60%. If approved, the cash dividend component would rise from 30% to 40%.
Q.How much cash dividend has Vietjet already paid for 2017?
How much cash dividend has Vietjet already paid for 2017?
In mid-August 2017, Vietjet advanced VND 645 billion, which was approximately USD 28.5 million. This represented a 20% cash dividend payment for the year 2017.
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