DCI plans to spend 3.3 billion dong to pay dividends in 2020. The last registration date is May 14th. DCI’s value is only 1,300 dong / share, equivalent to market capitalization less than 3 billion dong.
Da Nang Chemical Industry (UPCoM: DCI) announces the closing of the list of shareholders to pay dividends in 2020 in cash at the rate of 15% / share (1 share will receive 1,500 VND). The total amount spent is nearly 3.3 billion.
Final registration date is May 14 and expected payment time June 21.
In 2020, DCI recorded a sharp decrease of 54% in net revenue to VND 150 billion. However, after-tax profit was 8.7 times higher than the same period, reaching 70 billion dong thanks to a sudden other income from selling fixed assets.
DCI is one of the shares with attractive cash dividend, plus the fact that there is almost no liquidity, the stock price has continuously adjusted to a low level and is now only 1,300 dong / share. Market capitalization less than 3 billion.
At the end of 2019, DCI used to buy back 230,000 treasury shares with the average trading price determined at 114,000 dong / share, totaling more than 26 billion dong.
For businesses that pay dividends at a price higher than the market price, the HNX will apply a no price adjustment mechanism. Previously, some businesses also paid dividends significantly exceeding market price such as Phan Thiet Export Garment (PTG), Meinfa (MEF).
Source: ndh.vn – Translated by fintel.vn