Earning over a trillion each year, a coal company pays cash dividends at 400% of stock price

397 Joint Stock Company (BCB) announced a cash dividend for 2024 at a rate of 28.10% per share, equivalent to 2,810 VND per share, while the market price is only 700 VND/share, resulting in a cash dividend yield exceeding 400%. The company will need about 16 billion VND to pay for 5.7 million outstanding shares, of which 51% will go to its parent company, Eastern Corporation. BCB has maintained revenue over 1 trillion VND since 2021, but profits remain around 20 billion VND. In 2024, revenue reached over 1,070 billion VND, down 30% from the previous year, but profits remained stable. BCB aims for 2025 revenue of 912 billion VND, with pre-tax profits projected to increase by 25% to 25 billion VND.