A beer company plans to pay a dividend of 150%.

Ha Long Beer and Beverage is preparing to spend more than VND46 billion to pay dividends at a rate of 150%, equivalent to VND15,000 per share.

Ha Long Beer and Beverage Joint Stock Company (HLB) has just announced that the record date for shareholders to receive dividends for 2022 is September 28, with a dividend payout ratio of 150%. That is, for each share owned, shareholders will receive VND 15,000.

With more than 3 million shares in circulation, it is estimated that this company needs to spend more than 46 billion VND, with the expected dividend payment date being October 16.

The dividend rate of 150% is a high number compared to the general market level, especially in the difficult period in the second half of 2022. Some other businesses in the same industry as HLB pay dividends around 10-50%, such as Habeco planning to pay a dividend of 12% for 2021 and 8% for 2023 or Sabeco paying cash dividends at a rate of 15-50% in recent years.

Ha Long Beer and Beverage has a charter capital of only VND30.9 billion but recorded net revenue and net profit in 2022 of VND1,369 billion and VND127 billion, up 40% and 54% over the previous year.

On the UPCoM market, HLB shares are currently trading around VND223,000 and have almost no liquidity.

Another case that has just approved a plan to pay high dividends is Pho Yen Mechanical Joint Stock Company (FBC). This company has just finalized the 2022 cash dividend payment at a rate of 120%, equivalent to VND 12,000.

With 3.7 million shares outstanding, Pho Yen Mechanical is estimated to need to spend more than 44 billion VND. The expected payment date is October 27.

The company was formerly known as Pho Yen Mechanical Factory, specializing in manufacturing spare parts and accessories for motor vehicles. The largest shareholder is Vietnam Engine and Agricultural Machinery Corporation (VEAM), which holds 51% of the capital.

Unlike HLB, FBC is a company that pays dividends at a rate many times higher than the market price. On UPCoM, FBC shares are traded at VND3,700 and have no recorded liquidity.

Minh Son

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