Vietjet finalizes the shareholder list to advance the second dividend payment of 2017
(Ho Chi Minh City, January 11, 2018) Resolution dated January 9th, 2017 of the Board of Directors of Vietjet Aviation Joint Stock Company (stock code VJC – HOSE) has approved advancing the second dividend payment of 2017 at the rate of 10% in cash. The next dividend payment is expected to be made at the rate of 30% by shares.
The last registration date for receiving cash dividend is January 23rd, 2018, the ex-rights date is January 22nd, 2018. Vietjet will pay dividend to its shareholders on Febuary 7th, 2018. With more than VND4,513 billion charter capital, Vietjet will spend over VND451 billion paying dividend to its shareholders.
Thus, after 2 times of advancing cash dividend payment of 2017, Vietjet has paid a cash dividend of 30%.
The dividend payout ratio of 2017 approved at the Annual Shareholder Meeting on April last year was 50%. Because the business results have been better than its plan, Vietjet’s Board of Directors asked its shareholders’ opinion and got approval from the shareholders to increase dividend payout ratio from 50% to 60%.
Till the end of the third quarter of 2017, Vietjet’s before-tax profit reached to approximately VND3,000 billion; In the fourth quarter it is expected to be positive. The investment has been continually put in new airplanes, Vietjet received 12 new aircraft in the fourth quarter of 2017 which helped increase the total number of the new aircraft received in 2017 to 17.