Quế Phong Hydropower JSC (stock code: QPH) has just announced a plan to distribute a 100% dividend in cash, equivalent to 10,000 VND/share, during a shareholder voting period from September 8 to September 24. The company is expected to spend nearly 186 billion VND on this dividend, which accounts for 83% of its undistributed profit. It has recently paid a 40% dividend for 2024 on June 10. Established in 2005, Quế Phong Hydropower has maintained a stable dividend history of 20%/year from 2017-2024. The largest shareholder is Trung Son Power Corporation, holding 85.5% of the equity. CEO Lê Thái Hưng has registered to sell 1.3 million QPH shares between September 8 and October 6 to restructure his investment. Following news of the large dividend, QPH shares surged nearly 14% to 41,000 VND/share, reaching the highest peak.
Leave a Reply