Western Bus Station Joint Stock Company pays huge dividend of 166%

WCS shares of Mien Tay Bus Station are about to pay cash dividends in 2024 at 166.66%, equivalent to VND 16,666 per share.

Main gate area of ​​Mien Tay bus station - Photo: CHAU TUAN

Western Bus Station Joint Stock Company (code WCS) has just announced that on December 16, it will close the list of shareholders to pay 2024 cash dividends at a rate of 166.66%.

Thus, each share that a shareholder owns will receive 16,666 VND. The ex-dividend date is December 15, the expected payment date is December 25.

With 3 million shares outstanding, the company plans to spend about 50 billion VND on year-end dividends.

At the 2025 annual shareholders' meeting held at the end of June, the company approved a plan to pay 2024 cash dividends at a rate of 200% , significantly higher than previous years.

In 2023, the dividend rate will be 160%, and from 2020 to 2022, when business activities are heavily affected by the pandemic, the company will maintain it at 20%. Moving into 2025, WCS plans to pay a minimum dividend of 20% .

Except for the pandemic period, WCS has long been considered one of the businesses paying the highest and most stable cash dividends on the market. In 2018, the company paid dividends at a rate of 400%, equivalent to VND 40,000 per share. In 2019, the payment increased to 516%, equivalent to VND 51,600 per share.

In the market, at the end of the session on December 3, WCS shares stood at 280,300 VND per share, among the stocks with the highest market price on the Vietnamese stock exchange.

In a trading session at the end of July, WCS even reached 380,000 VND per share. Compared to the beginning of the year, the market price has increased by more than 24%.

WCS stock price since the beginning of the year - Source: TradingView

Regarding the business results for the first 9 months of 2025, WCS recorded net revenue of nearly 130 billion VND, up 9% over the same period last year. Financial revenue also increased sharply, reaching 9.5 billion VND, up about 18%. After deducting expenses, the company's after-tax profit reached nearly 65 billion VND, up 9%.

With this performance level, WCS has achieved about 73% of the revenue plan and 84% of the profit target for the year.

As of the end of the third quarter, the company was holding VND322.7 billion in cash and short-term financial investments, equivalent to 86% of total assets. WCS also did not have any financial loans.

In another development, the Board of Directors of the Western Bus Station has just announced a resolution on adding a number of business lines. Notably, the plan to participate in the electric vehicle market, including investment, business and installation of charging stations, along with related support services.

Western Bus Station Joint Stock Company, formerly known as Western Bus Station, was established in 1970, operating mainly in the field of bus station exploitation and business, passenger transport, bus station service exploitation, leasing of premises and kiosks, cargo parking, storage and transfer of packaged luggage, buying and selling of auto spare parts, gasoline, etc.

Nhat Quang

Source: https://tuoitre.vn/cong-ty-co-phan-ben-xe-mien-tay-chi-co-tuc-khung-166-20251204082150931.htm