Mobifone Technical Services Corporation (MFS) has approved a cash dividend distribution plan for 2024 at a rate of 25%, equating to 2,500 VND per share. The ex-dividend date is October 24, and payment is expected on November 27. With nearly 7.1 million shares currently outstanding, the company estimates to distribute about 17.7 billion VND in dividends. The parent company, MobiFone Telecommunications Corporation, holding 31.26% of shares, is projected to receive over 5.5 billion VND in dividends. Mobifone Service has consistently maintained a cash dividend policy since 2018, with the lowest at 1,500 VND per share, rising to 3,000 VND in 2022. From 2019-2021 and 2023-2024, the dividend remained stable at 2,500 VND per share. On the UPCoM exchange, MFS shares closed at 42,100 VND per share on October 20, down more than 16% in the last three months.
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