Vietjet continues to advance 10% cash dividend before the Annual Meeting of Shareholders, pay a dividend of 60%
(Ho Chi Minh City, April 24, 2018) The last registration date for receiving cash dividend is May 10th, 2018, the ex-rights date is May 9th, 2018.
Resolution dated April 23rd, 2018 of the Board of Directors of Vietjet Aviation Joint Stock Company (stock code VJC – HOSE) approved advancing the third dividend payment of 2017 at the rate of 10% in cash.
Vietjet will pay the dividend for shareholders on May 25th, 2018. With more than VND4,513 billion charter capital, Vietjet will spend over VND451 billion of unallocated after-tax profit paying dividend.
Vietjet recently has announced audited consolidated financial statements 2017. Accordingly, net revenue stood at nearly VND42,303 billion. After-tax profit of Vietnam for the year 2017 reached to VND5,074 billion. This profit exceeded the year 2017’s plan by 150% and an increase of 103% year on year.
Profit attributable to shareholders of the parent company increased to VND5,073 billion. Earnings per share (EPS) stood at VND11,356.
Dividend payout rate for the year of 2017 being approved at last year’s Annual Meeting of Shareholders was 50%. Due to the positive business results, Board of Directors of Vietjet collected the shareholders’ opinions and got approval to increase the dividend payout rate from 50% to 60%.
Vietjet advanced the 2017 cash dividend payment at the rate of 30% and planned to pay the rest 30% dividend by shares. However, with the above-mentioned increasing profit and abundant cash, the Board of Directors decided to continue paying 10% cash dividend for its shareholders.
After 3 times of advancing dividend for 2017, Vietjet has paid a dividend of 40% in cash and expected to pay 20% in shares after getting approval of the coming Annual Meeting of Shareholders. For years, Vietjet has continuously paid dividends of up to over 100% for shareholders.