Binh Dinh Food Joint Stock Company - Bidifood (UPCoM code: BLT) was formerly Nghia Binh Food Department, established in 1975. The company operates in the field of processing, trading and exporting food and agricultural products with main products being rice and cassava chips.
Binh Dinh Food Joint Stock Company - Bidifood (BLT) pays cash dividend at the rate of 40% (Photo TL)
Recently, Bidifood announced the right to pay cash dividends in 2022 at a rate of 40%. Equivalent to each shareholder owning 01 share will receive a dividend of 4,000 VND.
This includes 10% cash dividend for 2022, the remaining 30% is interim dividend for shareholders taken from undistributed profit after tax, excluding undistributed profit of 2022.
The expected dividend payment date is July 19, 2023. Currently, with about 4 million shares outstanding on the market, it is estimated that BLT will have to spend about 16 billion VND to pay dividends. Of which, Southern Food Corporation is holding 51% of shares, expected to receive more than 8 billion VND in dividends.
Regarding BLT's business situation, in 2022, the company achieved revenue of VND 1,158 billion, down about 32.7% compared to 2021. Profit after tax was nearly VND 10 billion. The company's total assets at the end of 2022 were VND 131 billion, with equity accounting for the majority, up to VND 118 billion. In the trading session on June 19, 2023, BLT stock price was trading at VND 36,000/share.
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