On April 22, Orient Commercial Bank ( OCB ) held its 2025 Annual General Meeting of Shareholders in Ho Chi Minh City. A notable highlight of this year's meeting was the bank's decision to pay a 7% cash dividend, equivalent to VND1,726 billion, for the first time since listing on the stock exchange. Previously, OCB only paid dividends in shares or issued shares to increase capital.
In addition, OCB will increase its charter capital to VND26,631 billion by issuing shares from equity capital at a rate of 8%. This additional capital will be used for business activities, investment, lending and upgrading facilities.
OCB will pay dividends in cash and shares at a total rate of 15%.
The total dividend that shareholders will receive this year is 15% (7% cash + 8% stock). After the meeting approves, the bank will submit the dividend and capital increase plan to the State Bank and the Securities Commission for approval.
OCB Chairman Trinh Van Tuan shared that although 2024 is a difficult year, OCB still prioritizes shareholder interests. He also said that OCB shares are undervalued, only reaching 0.82 times book value, while the industry average is 1.25 - a discount of up to 35%. OCB is implementing solutions to improve business efficiency to increase confidence with shareholders and investors.
At the end of the session on April 22, OCB shares were traded at 10,450 VND, down slightly by 0.48%.
Source: https://nld.com.vn/ocb-lan-dau-chia-co-tuc-tien-mat-ke-tu-khi-niem-yet-196250422151844092.htm
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