IDICO – CTCP (ticker IDC) recently announced a dividend payout for the second round of 2024 at a rate of 15% (1,500 VND per share) with the final registration date on April 9, 2025, and payment expected on April 23, 2025. With around 330 million shares in circulation, IDC is estimated to need approximately 495 billion VND for this dividend. Major shareholders include S.S.G Group with over 74 million shares (22.5% stake) and Bach Viet Trading with 39 million shares (11.9% stake), who will receive 111 billion VND and over 59 billion VND, respectively. Previously, IDC paid a 20% dividend in mid-2023, bringing the total dividend rate for 2024 to 35%. In 2024, IDC achieved record revenue of 8,846 billion VND and a net profit of 2,393 billion VND, up 22% and 45% year-on-year. Additionally, on March 20, two member funds of Dragon Capital sold a total of 200,000 IDC shares, reducing their ownership from 19.8 million shares (6.01% stake) to 19.6 million shares (5.95% stake). IDICO will hold its Annual General Meeting on April 25, with the list finalized on March 24, and the shares are currently trading at 53,500 VND.
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