Masan Consumer spends more than 12,000 billion VND to pay dividends to shareholders

Masan Consumer - owner of the Chinsu, Omachi brands... has just announced a document to collect shareholders' written opinions on the additional dividend payment for 2023 at a rate of 168% in cash (1 share receives an additional 16,800 VND). This additional dividend payment can be divided into one or more installments and will be made within 6 months from the date of approval of the Resolution of the General Meeting of Shareholders.

With more than 717 million shares in circulation, Masan Consumer is expected to spend about VND12,050 billion to pay dividends to shareholders in this round. This is an additional dividend after the company has completed the previous 100% cash dividend payments (equivalent to VND10,000/share - total amount of VND7,171 billion). Thus, Masan Consumer will take almost all of the undistributed profits of the 2023 fiscal year (after deducting the VND10,000/share dividend mentioned above) to pay this additional dividend.

Masan Consumer - owner of Chinsu, Omachi brands... pays huge dividends

In total, Masan Consumer will pay a cash dividend of up to 268% to shareholders in 2023, equivalent to a total of more than VND 19,200 billion. But most of this money will return to the parent company, Masan Group. Because currently, MasanConsumerHoldings LLC, a member of Masan Group, is the largest shareholder, holding up to 93.57% of shares. The amount that the parent company can collect in this additional dividend is about VND 11,279 billion.

In addition, Masan Consumer has also just announced the detailed list of employees and the number of ESOP shares (shares under the employee stock option program) purchased in the 2024 program. According to the list, 678 employees of Masan Consumer are allowed to buy a maximum of more than 7.17 million MCH shares at a price of VND 10,000/share.

In 2023, Masan Consumer recorded a record profit of VND 7,195 billion, up 30% compared to 2022 and far exceeding the annual plan. Earnings per share EPS reached VND 9,888. Masan Consumer's Board of Directors is also planning to list all outstanding MCH shares on HOSE instead of currently trading on UPCoM.

Source: https://thanhnien.vn/masan-consumer-chi-hon-12000-ti-dong-chia-co-tuc-cho-co-dong-185240901091303393.htm