17 July 2017 - Vietjet Aviation Joint Stock Company (HOSE:VJC)’s Board of Directors’ resolution issued on July 14, 2017 approved the dividend advance payment of 2017’s first stage with rate of 20% in cash (VND2,000 (US9 cents) compliment per share).
The registration deadline is on July 31, 2017, which means the ex-dividend date is on July 28, 2017. The dividend will be paid on August 15. With Vietjet’s charter capital of VND3,224 billions (USD142 millions), the total dividend to be paid is equivalent to VND645 billions (USD28.3 millions).
Beside the above dividend payment, Vietjet will also soon confirm the bonus share dividend of 40% rate following the allocation of 2016’s profits, which was approved at the company’s 2017 annual shareholder meeting and under the consideration and approval process of the States Securities Committee. In 2017, Vietjet plans to pay dividend up to 50%.
Up to the end of 2017’s first quarter, Vietjet’s audited redundancy capital was VND1,535 billion (USD67.5 millions), unallocated after-tax profits being at VND2,080 billion (USD91.5 millions). The business result for the year’s second quarter is expected to be better compared to the budgeted plan.