AsemconnectVietnam - Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has just been approved by the State Bank of Vietnam to pay a 15% stock dividend and increase its charter capital to over VND29,200 billion, shortly after closing the list of shareholders paying 10% cash dividend.

Currently, HDBank is completing the final procedures to pay stock dividends to shareholders. After completing this profit distribution plan, HDBank's charter capital will increase to a maximum of VND3,772 billion, from VND25,303 billion to VND29,276 billion.
This year's high dividend rate continues HDBank's tradition of paying high and regular dividends for many years, on the basis of high, continuous and sustainable business results. In 2022, HDBank recorded a pre-tax profit of over VND10,000 billion for the first time, among the leading banks in terms of operational efficiency and good risk management.
Previously, at the 2023 General Meeting of Shareholders, HDBank approved the plan to pay a cash dividend at the rate of 10% and pay a stock dividend at the rate of 15%. HDBank's dividend payment plan is considered by investors to be suitable for both those who want to receive cash and those who want to receive shares to continue to benefit from HDBank's strong and sustainable growth. For investors who prefer cash dividends, on June 12, they will receive VND1,000 per share.
A statistic shows that, in the last 10 years, investors holding HDB shares achieved a sustainable and steady growth rate of about 20% per year, surpassing the compound growth rate of the VN-Index as well as the VN30 basket.
Recently, HDBank was recently honored in the Top 10 most prestigious and effective listed companies in the market in 2023, when all 5 indicators of the bank's reputation and efficiency achieved top scores. One of the big criteria that helps HDBank surpass many big players in the industry to step up to TOP5 is a good dividend policy that shows the business strategy results with good results.
N.Nga
Source: VITIC/Tinnhanhchungkhoan