A company is about to distribute a 62% dividend, and its stock price has risen 64% over the past year

CTCP Viwaco (ticker VAV) has announced a plan to distribute a 62% dividend for 2024, consisting of 12% in cash and 50% in shares. The company also expects a significant drop in net profit for 2025, down 57% to 99 billion VND, while revenue may decrease slightly by 1% to 1,083 billion VND. In 2024, VAV reported revenue of 1,085 billion VND and net profit of over 230 billion VND, increasing 26% and 113%, respectively. The dividend distribution for 2024 will include 38.4 billion VND in cash and a maximum issuance of 16 million new shares, deriving from undistributed profits as of December 31, 2024. The stock price of VAV has risen 64% over the past year and is currently at 64,700 VND/share.