The season of General Meeting of Shareholders is entering its final days, moving to early July 2023, many real estate businesses are starting to rush to complete dividend distribution or close the transaction date without the right to receive dividends in cash, shares and bonus shares for existing shareholders.
The dividend market is extremely bustling with many "huge" dividend payments when there are big businesses paying dividends to shareholders at a rate of up to 80%.
Real estate businesses pay out dividends
Topping the list is Nam Tan Uyen Industrial Park Joint Stock Company (UPCoM: NTC) , which successfully held its 2023 Annual General Meeting of Shareholders in mid-June to approve a 2022 dividend payment of 80% in cash. For 2023, the company also plans to pay a huge dividend of 60%.
In recent years, Nam Tan Uyen has always maintained a high cash dividend payment rate of 90% or more. In 2019, the rate was 100%, in 2020, it was 120%, and in 2021, it was 90%.
Besides business activities in technology, training, advertising, FPT Group is also an enterprise with a huge amount of real estate throughout Vietnam and is associated with large-scale real estate projects spread across key provinces and cities of the country such as Ho Chi Minh City, Hanoi , Da Nang...
In mid-September 2022, FPT made the first interim dividend payment in 2022 in cash at a rate of 10%. On July 6, the company announced that it will close the shareholder list to pay the remaining 2022 dividend in cash and issue shares to pay the 2022 dividend.
Currently, FPT has more than 1.1 billion listed and outstanding shares, and it is expected that the company will have to spend about VND 1,104 billion to pay dividends to existing shareholders. The expected dividend payment date is July 13.
At the same time, FPT also plans to issue nearly 165.6 million shares to pay dividends in 2022 at a ratio of 20:3, equivalent to shareholders owning 20 shares will receive 3 new shares.
The capital issued comes from the parent company's undistributed profit after tax and undistributed profit transferred from the subsidiary to the parent company in the first quarter of 2023.
The company pays dividends around 20%
Sonadezi Chau Duc Joint Stock Company (HoSE: SZC) has just announced that July 7, 2023 will be the last registration date to close the list of shareholders to receive stock dividends in 2022 at a rate of 20% (shareholders owning 100 shares will receive 20 new shares).
If the issuance is successful, Sonadezi Chau Duc's charter capital will increase from VND1,000 billion to VND1,200 billion.
Also in the Sonadezi group, in June 2023, Sonadezi Long Thanh Joint Stock Company (HoSE: SZL) paid the second dividend of 2022 in cash at a rate of 30%, equivalent to shareholders owning 1 share will receive 3,000 VND.
With more than 18 million shares in circulation, Sonadezi Long Thanh has spent about VND 54.6 billion to pay dividends to existing shareholders. Previously, in November 2022, Sonadezi Long Thanh made an interim dividend payment for the first period of 2022 at a rate of 10%.
Thus, this is the second year Sonadezi Long Thanh has paid dividends at a record high rate of 40% to shareholders.
Ha Do Group (HoSE: HDG) will close July 5 as the last registration date to receive 2022 stock dividends at a rate of 25%, meaning that shareholders owning 100 shares will receive 25 new shares. Through this period, Ha Do will issue 61 million shares to distribute to shareholders.
It is expected that after completion, Ha Do's charter capital will increase from more than VND 2,446 billion to nearly VND 3,058 billion. The capital issued will come from undistributed after-tax profits on audited consolidated financial statements as of December 31, 2022 (more than VND 2,340 billion).
Real estate giant asks for "delay" in dividend payment
The real estate market in 2022 fluctuated strongly in a downward direction, liquidity decreased, capital flow was blocked, credit was limited, projects with legal problems could not be implemented, ... causing many real estate businesses to decide not to pay dividends in 2022.
For example, Khai Hoan Land Company decided not to pay dividends in 2022 but to retain profits to ensure smooth business operations.
Or at Novaland , the company's board of directors once planned to set aside nearly VND 1,930 billion to pay dividends in 2021 in shares, corresponding to a 10% rights exercise rate.
At the same time, Novaland also planned to increase its equity capital with the orientation of issuing a maximum of 482.6 million bonus shares (25% ratio), which are not transferable.
However, with the comprehensive restructuring project, at the 2023 Shareholders' Meeting, Novaland shared that it will not pay dividends for the whole year of 2022 and also has no plan to pay dividends for 2023. Thus, shareholders will not receive dividends from 2021 to 2023.
Novaland's 2023 General Meeting of Shareholders approved a plan not to pay dividends in 2022.
Five Seven Seven Investment has also finalized a plan not to pay dividends in 2022 due to the reason that banks are tightening credit, leading to many difficulties for the company's operations in sales and capital mobilization.
Sam Holdings and Binh Duong Business and Development (Becamex) also proposed not to pay dividends in 2022. This is the first year that Becamex has not paid dividends since its listing in 2010, and Sam Holdings has not paid cash dividends since 2015.
In the financial market, real estate stocks are always considered one of the attractive options for investors. With great growth potential and remarkable benefits, real estate stocks have attracted the attention of many people.
Sharing the view on real estate company dividends, KIS Vietnam Securities JSC commented that real estate companies often have a stable source of cash flow from leasing real estate or selling development projects. This allows them to pay regular dividends to shareholders, creating additional income and attracting interested investors .
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