A business pays a cash dividend at 18%, stock has increased more than 130% in one year

On October 9, the Board of Directors of In 4 Joint Stock Company (IN4) announced the plan to pay dividends for the year 2024 at a rate of 18%, equivalent to 1,800 VND/share. The ex-dividend date is October 22, with payment on October 30, amounting to approximately 2.16 billion VND. IN4 regularly pays dividends, maintaining a 15% rate over the last three years and previously paying 50% from 2017-2019. Major shareholders hold 88.9% of the equity, including Saigon Culture Corporation (45%), Schengen Invest JSC (24.58%), and Do Thanh Tien (19.32%). IN4’s stock has low liquidity, with little trading activity, yet has increased over 130% in the past year. Revenue in 2024 reached 71 billion VND, with a net profit of 10 billion VND, the highest in five years.