Gemadept (GMD) plans to spend more than VND 840 billion to pay dividends

VHO - Gemadept Joint Stock Company (stock code: GMD) plans to pay 2024 cash dividends at a rate of 20%, to be paid in July 2025.

Gemadept will have to spend nearly VND840.4 billion for this dividend payment to shareholders. Illustrative photo

Accordingly, on July 10, 2025, Gemadept will close the list of shareholders receiving 2024 cash dividends at a rate of 20%, meaning that shareholders owning 1 share will receive 2,000 VND.

With nearly 420.2 million GMD shares in circulation on the market, it is estimated that Gemadept will have to spend about VND 840.4 billion for this dividend payment to shareholders. Payment date July 17, 2025

In addition, regarding the business plan, at the 2025 Annual General Meeting of Shareholders on June 24, Gemadept approved a business plan with two scenarios, the registration scenario and the striving scenario.

In particular, the registered scenario expects revenue of VND 4,850 billion, an increase of 21.3% compared to the 2024 plan; pre-tax profit from business activities is expected to be VND 1,800 billion, an increase of 33%; the striving scenario expects revenue of VND 4,950 billion, an increase of 23.8% and pre-tax profit from business activities is expected to be VND 2,000 billion, an increase of 48% compared to the 2024 plan.

At the same time, Gemadept's shareholders' meeting also approved a plan to buy back up to 21 million MGD shares, accounting for 5% of the company's total outstanding shares, with the aim of ensuring the interests of the company and shareholders when the stock price is lower than the company's fair value.

The total repurchase value calculated at par value is nearly 210.1 billion VND. The capital is taken from the surplus according to the most recent audited or reviewed consolidated financial statements.

The company's Board of Directors will implement the stock repurchase plan when the company's stock trading price falls below 1.5 times the book value of each share and repurchase the shares after being notified in writing by the State Securities Commission of its receipt of the full report on the company's stock repurchase.

If the above share buyback plan is successful, Gemadept's charter capital will decrease from more than VND4,201.9 billion to VND3,991.8 billion.

Source: https://baovanhoa.vn/kinh-te/gemadept-gmd-du-kien-chi-hon-840-ti-dong-de-tra-co-tuc-148187.html