Bao Viet Group paid more than 708 billion VND in cash dividends from December 28

Paying VND 2,246 billion in cash dividends to shareholders from December 28, 2023

From December 28, 2023, Bao Viet Group will start paying cash dividends at a rate of 9.54%, equivalent to 954 VND per share.

With over 742 million shares outstanding, Bao Viet will spend more than 708 billion VND to pay dividends to existing shareholders. In the context of a volatile and unpredictable global economy and market, a cash dividend payout ratio of 9.54% can be considered a stable and potentially promising dividend, not only in the insurance industry but also in the current stock market.

After this dividend payment, the total amount expected to be paid as dividends to Bao Viet shareholders from equitization (2007) to the end of 2023 will be more than VND 12,400 billion.

Bao Viet began paying dividends to shareholders from December 28th.

As a leading insurance company with strong financial capacity, Bao Viet always fulfills its commitments to shareholders and strives to increase value for investors. Since equitization, the total amount of money Bao Viet has paid to the State Budget has reached more than 28,000 billion VND.

Profits for the first nine months of 2023 increased by 14.1%.

After the first nine months of the year, consolidated pre-tax and after-tax profits reached VND 1,712 billion and VND 1,428 billion respectively, representing growth of 10.2% and 14.1% compared to the same period in 2022. Consolidated total revenue reached VND 42,777 billion, a growth of 6.2%. Consolidated total assets as of September 30, 2023 reached VND 215,293 billion, an increase of 6.8% compared to December 31, 2022.

The parent company's total revenue reached VND 1,164 billion, and after-tax profit reached VND 826 billion, closely following the plan approved by the General Shareholders' Meeting. The parent company's total assets reached VND 18,278 billion, and equity reached VND 18,090 billion, representing growth of 4% and 4.6% respectively compared to December 31, 2022.

Bao Viet Group paid more than 708 billion VND in cash dividends from December 28 to 2

Towards celebrating its 60th anniversary (January 15, 1965 - January 15, 2025), Bao Viet is implementing a sustainable development strategy within its business strategy to create new values and share those values with the community.

In 2023, Bao Viet was recognized in the Corporate Sustainability Assessment (CSA) ranking by S&P Global. To be evaluated in the DJSI ranking, Bao Viet needed to meet strict requirements across many factors such as: corporate financial health, share value, transparency, and sustainable business operations.

Bao Anh

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