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Vietjet announces advancement of second dividend payment of 2018 at 10 percent, increases payout dividend ratio to 55 percent

Author: Theodore Koumelis / Date: Thu, 04/11/2019 - 01:01
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Vietjet will pay more than VND542 billion (approximately US$23.3 million) to the advanced second dividend payment of 2018.

Singapore – Vietjet Aviation Joint Stock Company’s (“Vietjet”) Board of Directors has announced the advancement of cash dividend payments to its shareholders at 10 percent. Shareholders will receive a cash dividend of 30 percent for the 2018 fiscal year, corresponding to the amount that the company has paid for its shareholders at nearly VND1,625 billion (approximately US$70 million).

The advancement of the second dividend payment for 2018 at the rate of 10 percent (VND1,000 per shares, approximately US$0.43) was approved at a resolution on 8 April 2019 by Vietjet’s Board of Directors. The final registration date is set for 24 April 2019, a day later than the initial date of 23 April 2019.

As a result, Vietjet will pay more than VND542 billion (approximately US$23.3 million) to the advanced second dividend payment of 2018.

According to the Resolution of Annual Shareholder’s Meeting 2018, the planned dividend payout ratio was 50 percent in both shares and cash. As a result of Vietjet’s continuous growth, Vietjet’s Board of Directors has submitted 2018’s dividend payment to its shareholders at a rate of 55 percent, which was higher than the previously approved plan.

Vietjet has had a good record of paying high dividends ever year, increasing from 50 percent to 70 percent in both cash and shares. With its 2019 business plans, it is believed that the Board of Directors of Vietjet will continue to submit the high dividend payout ratios for 2019 at the upcoming Annual General Meeting of shareholders.

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.