A company decided to distribute 68% cash dividends and its shares increased by 33%.

The business is actively paying out dividends, which are 2.7 times higher than the profits earned in the first nine months of 2023. A Vuong Hydropower Joint Stock Company (UPCoM: AVC (HN:)) announced that it will close on January 12, 2023. The dividend rate for the fourth period of 2023 on the cash list received is 47.89%. The payment date is May 25, 2024.

Therefore, a shareholder who owns 1 share will receive VND 4,789. AVC has issued more than 75 million shares and is expected to spend more than VND325 billion on this dividend.

So far, in less than a month, AVC has finalized the dividend list twice, with the total cash dividend rate reaching 68.84%. Specifically, December 25, 2023 is the last record date to receive the third cash dividend of 2023, with a dividend rate of 20.95% (1 share will receive VND 2,095).

It is worth noting that the total dividends paid to more than 4 times shareholders in 2023 will be as high as nearly 110%, equivalent to VND762 billion, which is 2.7 times higher than the profit achieved by AVC in the first nine months of this year. In the market, AVC rose for 4 consecutive trading days on the first trading day of 2023 and closed at VND 64,600/share on January 5, equivalent to an increase of 11% in less than 1 week . The ticker’s market price has increased by 33% compared to November 2023.

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