DIC Corp to pay dividend in shares

The Development Investment Construction Joint Stock Corp (coded DIC Corp) announced to close the list of shareholders to pay its dividend – phase 3 and to issue more 23 million shares.

The new shares are to pay the 2008 dividend at a rate of 27.16 percent, equal to 10.05 million shares and purchasing rights granted to current shareholders with the rate of 35 percent or 12.95 million shares. That means each shareholder who own 100 shares would receive 27.16 new shares in lieu of a dividend and the rights to buy 35 additional issued shares at 10,000 dong par. The deadline of closing the list of shareholders would be on May 26.

After issuing new shares, the company’s total chartered capital would be raised from 370 billion dong to 600 billion dong.

DIC Corp planned to reach 1.2 trillion of 2009 revenue, up by 3 percent year on year, 330 billion dong of after tax profit and a dividend of 35 percent.

 

Category: Stocks