The State Bank of Vietnam has approved BIDV's dividend payment of 21%.

(NLDO) – After receiving approval from the State Bank of Vietnam, BIDV plans to issue nearly 1.2 billion shares to pay dividends at a rate of 21%.

The State Bank of Vietnam has just issued a document approving the request to increase the charter capital of Vietnam Investment and Development Bank (BIDV, stock code BID).

Immediately, on December 10th, the Board of Directors of BIDV issued a resolution to issue over 1.197 billion shares to pay dividends at a rate of 21%. The dividend payment is expected to be made in the fourth quarter of 2024 and the first quarter of 2025.

Recent performance of BIDV's stock price

If the above plan is completed, BIDV's projected charter capital will increase from VND 57,004 billion to over VND 68,975 billion. This will maintain its position as the state-owned commercial bank with the largest charter capital, surpassing Vietcombank, Agribank , and VietinBank; and ranking behind VPBank and Techcombank.

Currently, the State Bank of Vietnam is the largest shareholder, owning nearly 81% of BIDV's capital; strategic shareholder Keb Hana Bank holds 15% of the shares.

According to its consolidated financial report for the third quarter of 2024, BIDV reported pre-tax profit of VND 6,498 billion, a 10% increase compared to the same period last year. Cumulative profit for the first nine months was VND 22,047 billion, a 12% increase; ranking third in the banking system in terms of profit, after Vietcombank and Techcombank .

Regarding the share price, BID shares closed the trading session on December 10th at 46,750 VND/share, a slight increase compared to the previous session.

Source: https://nld.com.vn/ngan-hang-nha-nuoc-chap-thuan-cho-bidv-tra-co-tuc-21-196241210154017337.htm