The Board of Directors of the Vietnam Loc Phat Commercial Bank (LPBank) has approved the plan to pay cash dividends for the year 2024, with a distribution rate of 25%, equivalent to 2,500 VND per share. The deadline for registration to receive dividends is May 20, 2025, and payment will occur on May 28, 2025, with a total estimated payout of approximately 7.468 trillion VND. In the recent annual shareholders’ meeting, Chairman Nguyen Duc Thuy committed to a minimum dividend rate of 18% last year and hopes to increase it to 20% in cash or 5-7% in shares in the future. LPBank currently has the highest cash dividend distribution rate among banks this year. Additionally, other banks such as VIB, TPBank, and VPBank have also announced cash dividend distribution plans with rates of 10% and 5% respectively.
Leave a Reply