A company is about to “spend big” on cash dividends 14 times higher than market price, stocks peak at a shocking price

Phan Thiet Export Garment Joint Stock Company (PTG) will finalize the list of shareholders to receive 100% cash dividends (10,000 VND per share) on May 9, 2024, with payments scheduled for June 13, 2025. PTG needs to allocate 50 billion VND for nearly 5 million shares. Previously, the company advanced a 50% dividend in June 2024. The total cash dividends will amount to 150%, equivalent to 14 times the 700 VND/share price on the market. Trading of this stock is nearly non-existent, with only 100 units transacted on August 19, 2024. PTG has a tradition of consistent dividends since its listing in 2010. The company aims for revenue of 488 billion VND in 2024 and 525 billion VND in 2025, with a net profit of 52 billion VND, exceeding 15% of planned targets.