Inside a factory of Vinamilk. Photo courtesy of Vinamilk
Vinamilk will spend over VND9 trillion (US$351.9 million) to pay a 43.5% cash dividend to its shareholders for 2024, the highest rate in six years.
This translates to VND4,350 in dividends per share, according to documents for Vinamilk’s 2025 annual general meeting, set to be held on April 25. The last time it paid a higher rate was in 2018, at 45%.
The dairy giant has made interim dividend payments at a rate of 20% last September and this February. The rest will be paid within six months after the conclusion of the 2025 annual general meeting.
The payout will come from the firm’s undistributed post-tax profits, as reported in the latest quarterly financial statements.
Vinamilk targets revenues of VND64.505 trillion and a post-tax profit of VND9.68 trillion this year, up 4.3% and 2.4% from 2024, respectively.
This would set a record for revenue and mark the fourth consecutive year of profit growth for the firm.
