Many banks plan to pay dividends at 20-30%

Dividend distribution of around 20% is a quite popular plan for many banks, including some banks that distribute both stocks and cash, and some banks that only distribute stocks or cash.

Many banks plan to pay dividends at 20-30%
The 2024 dividend plan announced by banks is quite high, up to 30%.

For example, Nam A Bank plans to pay dividends in shares at a rate of 25%; ACB also has a 25% dividend plan with 15% in stocks and 10% in cash; VIB expects a higher split of up to 29.5%, of which 17% are stocks and 12.5% ​​cash; Techcombank has also just announced a plan to pay cash dividends in 2024 at a rate of 15%/share (1 share receives 1,500 VND).

Most recently, Vietnam Maritime Commercial Joint Stock Bank (MSB) proposed to shareholders at the general meeting on April 23 to approve a stock dividend plan at a rate of 30%. Specifically, MSB will ask for shareholders’ opinions to approve a plan to increase charter capital from VND 20,000 billion to VND 26,000 billion through stock dividends at a rate of 30% from undistributed profits as of now. December 31, 2023 according to audited financial statements and after deducting funds according to law. This dividend distribution will be carried out in 2024.

In addition, the bank’s 2024 business plan targets total assets reaching VND 280,000 billion, an increase of 5% compared to 2023; Capital mobilized in market I and capital mobilization bonds reached 178,900 billion VND, an increase of 27% compared to the previous year. The expected credit balance in 2024 could reach about VND 178,200 billion. Pre-tax profit is expected to increase by 17% compared to 2023, reaching VND 6,800 billion. Consolidated bad debt (group 3-5) maintained below 3% according to regulations. Sharing about this plan, a representative of MSB said: “The Board of Directors proposes business targets based on research and assessment of the current unpredictable economic context. When the market still has many potential fluctuations and risks, we prioritize enhancing internal strength and sustainable growth along with promoting key financial factors, ensuring the highest benefits for shareholders. shareholders, customers and partners”.

In addition, the profits generated in 2024 along with the profits retained after completing the charter capital increase are expected to be submitted by MSB to the General Meeting of Shareholders for approval of a dividend plan from possible profits. used to pay this dividend at a rate of ≤15% in cash or/and in stocks. The time of advance dividend depends on market situation and business activities.

From the 2024 orientation of closely combining business growth factors with risk management, the bank diversifies revenue, strengthens cross-selling solutions, and makes non-interest income one of the pillars. columns to reduce pressure on core operations. Specifically, by the end of the first quarter of 2024, MSB recorded outstanding results in foreign exchange transactions with a total expected transaction volume of 51 billion USD, profit from this segment of activities is estimated to reach more than 550 billion VND, equivalent to equivalent to 54% of net profit from foreign exchange trading activities in 2023. In the context of the general credit growth of the banking industry slowing down, MSB’s credit growth in the first quarter of 2024 is estimated to reach over 5%. Besides, keeping pace with the recovery momentum of CASA throughout the system, the bank estimates that the demand deposit index over total deposits at the end of the first quarter of 2024 could exceed the 29% mark.

Regarding digitalization, according to bank representatives, digital channels will become the main growth driver for the 2024 – 2027 period of the bank with a series of strategic goals such as average revenue growth rate of 25%, revenue growth rate of 25%. Fee income (NFI) ratio reached 30%, revenue from digital channels of individual and corporate customers accounted for 70% of total revenue.

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *