Becamex IJS to pay 14% cash dividend for 2022

HCMC – Becamex Infrastructure Development JSC, which trades its IJC shares on the Hochiminh Stock Exchange, has decided to pay a dividend in cash at a ratio of 14% for 2022, equivalent to VND1,400 per share.

With total charter capital of over VND2.5 trillion, the company is estimated to spend VND352.57 billion on the 2022 dividend payment to its shareholders.

The payment will be made on October 6.

Becamex IJC planned to issue 125.92 million shares to mobilize over VND1.25 trillion from shareholders. Of the total, the company will use VND466 billion for investment in other units, VND756.4 billion to pay loans, and VND36.7 billion to increase its working capital.

Becamex IJC also decided to spend VND666 billion buying 55.5 million shares of Becamex – Binh Phuoc Infrastructure Development JSC to acquire a stake of 31.7% in the company.

Closing the trading session today, June 16, Becamex IJC moved sideways at VND14,700 per share, unchanged from yesterday’s session.

On the HCMC bourse, the profit-taking pressure drove the VN-Index down 1.75 points, or 0.16%, from the session earlier, at 1,115.22 with 170 gainers and 258 losers. Trade totaled 1.16 billion shares worth VND22.4 trillion, up 63% and 69% against the previous day.

Strong selling pressure led some bluechips to decline, such as PLX falling by 2.9% to VND37,200; PDR down by 2.6% to VND16,850; and NVL down by 2.3% to VND13,900.

Stocks such as GAS, VRE, GVR, VJC and CTG decreased by 1% to 1.7%, while TCB, BID, MSN, MWG and VHM only saw a slight decrease.

STB maintained a strong increase of 4.3% to VND29,000, while SSI edged up 1.6%, BCM increased 1.5%, and VCB rose 1.4%, serving as the main support pillars for the market.

On the Hanoi Stock Exchange, the HNX-Index slid 1.09 points, or 0.48%, to 228.44 points, with 83 winners and 109 losers. The total trading volume reached 135.5 million shares, with a value of over VND2.19 trillion.

Over 17.5 million units worth VND264.2 billion were traded in block deals.

SHS took the lead by liquidity today with over 44.3 million shares changing hands.

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