CTCP Construction Consulting for Industry and Urban Areas of Vietnam (CCV) has announced a record cash dividend of 46.3% for the fiscal year 2024, equivalent to 4,630 VND/share. The ex-dividend date is set for May 28, with payment expected on June 9. This is the highest dividend rate in the company’s history, compared to previous rates of 8-33%. CCV has 1.8 million shares outstanding and is estimated to allocate over 8.3 billion VND for this dividend payout. The parent company, Vietnam Construction Consulting Corporation (VGV), will receive about 4.2 billion VND. The company reported a net profit of nearly 14 billion VND in 2024, a 56% increase year-on-year, driven by exceptional business growth. CCV aims to maintain high dividend policies, targeting a 65% payout of net profit, approximately 7 billion VND, for 2025. Currently, CCV shares trade at 34,000 VND/share, categorized as illiquid assets.
Leave a Reply