PetroVietnam Mud Drilling Corporation, listed as PVC on the Ha Noi Stock Exchange, will pay a dividend of 14 per cent in cash on October 25 for last year's performance. The dividend is worth VND70 billion (US$3.1 million) as the company will pay VND1,400 for each of its shares.
The list of shareholders to receive the dividend will be concluded on September 26.
Following the announcement, PVC closed up 0.9 per cent yesterday with more than 570,000 shares in trading after a two-day decline of 5 per cent.
In the first half of 2016, the company earned a revenue of more than VND1.4 trillion, a quarter decrease from the same period of last year.
Therefore, PVC suffered an after-tax loss of VND6.22 billion, a huge step back from an after-tax profit of VND145.26 billion made a year ago.
At the end of August, the northern stock exchange added PVC to the list of stocks that are not qualified for margin trading due to the company's first-half losses.