Gemadept (GMD) plans to spend over 840 billion VND to pay dividends.

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

Gemadept will have to spend approximately 840.4 billion VND for this dividend payment to shareholders. (Illustrative image)

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

With nearly 420.2 million GMD shares outstanding, Gemadept is estimated to spend approximately VND 840.4 billion on this dividend payment to shareholders. The payment date is July 17, 2025.

Furthermore, regarding the business plan, at the 2025 Annual General Meeting of Shareholders on June 24th, Gemadept approved a business plan with two scenarios: a registration scenario and an aspirational scenario.

Specifically, the projected revenue scenario is VND 4,850 billion, a 21.3% increase compared to the 2024 plan; pre-tax profit from business operations is projected at VND 1,800 billion, a 33% increase; the ambitious scenario projects revenue of VND 4,950 billion, a 23.8% increase, and pre-tax profit from business operations is projected at VND 2,000 billion, a 48% increase compared to the 2024 plan.

At the same time, Gemadept's General Meeting of Shareholders also approved a plan to repurchase up to 21 million MGD shares, representing 5% of the company's total outstanding shares, with the aim of protecting the interests of the company and its shareholders when the share price is lower than the company's fair value.

The total repurchase value, calculated at face value, is approximately VND 210.1 billion. The funding comes from the surplus as shown in the most recent audited or reviewed consolidated financial statements.

The company's board of directors will implement a share buyback plan when the company's share price falls to less than 1.5 times the book value of each share, and will carry out the buyback after receiving written notification from the State Securities Commission of Vietnam (UBCKNN) confirming receipt of all necessary documents for the company's share buyback report.

If the aforementioned share buyback plan is successful, Gemadept's charter capital will decrease from over VND 4,201.9 billion to VND 3,991.8 billion.

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