Military Insurer advances first round dividend

Starting from January 15, 2011, the Military Insurance Joint Stock Co (MIC) will advance first round dividend in cash at applied ratio of 6 percent or 600 dong per share.

However, MIC will deduct 5 percent of the total amount to be advanced for dividend payment purposes in accordance with the regulations stated in the Law on Individual Tax Payment and other relating documents before paying dividend for the current shareholders.

Recently, PetroVietnam Hong Ha Joint Stock Co (PHH) has become the large shareholder in the insurance firm after being transferred over 5 percent of MIC’s capital from Duc Hoang Joint Stock Co.

 

Category: Stocks