A lot of securities companies try to pay high
dividends in cash in order to reassure shareholders. However, experts
said that shareholders’ confidence originates from businesses’ real
ability, not from the high dividends.


In November 2008, Nam Viet Joint Stock Company (ANV) announced it advanced the dividend at 18% of the shares’ face value to shareholders, the same level as 2007’s.


The announcement immediately caused a surprise to many
shareholders and the market. The dividend level proved not to be high
if comparing it with many other listed companies. However, the problem
was that analysts all knew well about the difficulties of [url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=ANV&q=ANV" style="color: rgb(23, 50, 128); text-decoration: underline;" target="_blank">ANV and they believed that the path of seafood export companies in 2009 will still be tough, especially with TAC) is another example. TAC announced the high dividend level of VND 2,000/share,