The board of management of the Viet Nam National Petroleum Group (Petrolimex) has approved the expected date for last year’s dividend payout from August 24 to 31. According to the group’s resolution at the annual shareholders meeting at the end of April, the shareholders approved dividend rate for 2016 at 32.24 per cent, equivalent to VND3,224 (14 US cents) per share.
Petrolimex listed on HCM City Stock Exchange (HoSE) on April 21 with stock code PLX.
Some 1.3 billion PLX shares were listed with floor price of VND43,200 per share. Right after the listing, Petrolimex sold 20 million treasury shares out of 155 million shares.
In 2016, Petrolimex earned after-tax profit of VND5.147 trillion.
With nearly 1.16 billion shares in circulation, Petrolimex will spend some VND3.736 trillion for paying shareholders’ dividend, equivalent to nearly 73 per cent of its total profit distributed to shareholders.
At the stock market, PLX share’s price has significantly increased to around VND69,000 per share, up 59 per cent after some three months of being listed.