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Vietjet advances the second dividend payment of 2018 at 10%, increasing the payout dividend ratio of the year to 55%

April 11, 2019 Business News No Comments

Vietjet Aviation Joint Stock Company (HOSE code: VJC) Board of Directors announced on 8 April its approval to advance the second dividend payment of 2018 at the rate of 10% (receiving VND1,000 per shares). The final registration date is 24 April 2019, corresponding to an ex-right date of 23 April 2019.

Consequently, Vietjet will pay more than VND542 billion (approximately US$23.3 million) to advance this second dividend payment of 2018.

According to the resolution of the Annual Shareholder Meeting 2018, the planned dividend payout ratio is 50% in both shares and cash. Thanks to its high and continuous growth, and abundant cash resources, Vietjet’s Board of Directors submitted to its shareholders a 2018 dividend payment at a rate of 55%, higher than the previously approved plan.

The new-age airline has established a good track record of paying high dividends from year to year, from 50% to 70% in both cash and shares. With its 2019 business plan, it is believed that Vietjet’s Board of Directors will continue to submit a high dividend payout ratio of 2019 at the coming Annual General Meeting of shareholders.

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