HCM City (VNA) - Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) will payits first cash dividend for the 2020 financial year on December 18.
The dividendrate is set at 20 percent, meaning shareholders will receive 2,000 VND (0.086USD) per share.
The total dividendrate Sabeco set for 2020 is 35 percent. The list ofbeneficiary shareholders will be finalised on December 1.
With nearly641.3 million shares, the value of the upcoming dividend is about 1.28 trillionVND (nearly 55 million USD).
The twobiggest shareholders – the State Capital Investment Corporation (SCIC) andVietnam Beverage Co Ltd – will receive 461 billion VND and 687 billion VND,respectively.
SCIC recentlyreceived Sabeco shares from the Ministry of Industry and Trade, now owning36 percent of the company.
VietnamBeverage Co Ltd became the major shareholder at Sabeco in late 2017, possessinga 53.59 percent stake.
Sabeco hasbeen hit by a stricter policy to prevent drunk driving and the COVID-19pandemic.
In the thirdquarter of the year, Sabeco posted a 17 percent annual decline in net revenue,which fell to 8.05 trillion VND. But net profit was almost unchanged at 1.47trillion VND.
InJanuary-September, total revenue dropped 29 percent year-on-year to more than 20trillion VND and net profit was down a fifth year-on-year to 3.4 trillion VND./.
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The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay every shareholder 1,500 VND (0.06 USD) per share, or a 15 percent cash dividend rate, to complete its 2018 dividend plan.
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Sabeco's production line (Photo: sabeco.com.vn) 
