SABECO announces dividend amid solid financials
SABECO announces dividend amid solid financials
SABECO has announced a 20 per cent cash dividend for 2024, reinforcing its position as a financially robust leader in the Vietnamese beer industry while continuing to capitalise on market growth and sustainability initiatives.
Photo: SABECO |
SABECO's closure of the shareholder register for the interim cash dividend for the year 2024, at 20 per cent, means that shareholders will receive VND2,000 for each share they hold. The payment is expected to be made on January 23, 2025. With nearly 1.3 billion outstanding stocks, SABECO will disburse approximately VND2,565 billion ($101 million) in this dividend payment.
This interim dividend payout further solidifies SABECO's position as one of the most financially robust companies in the market.
SABECO's largest shareholder is the Vietnam Beverage Co. Ltd., which holds nearly 54 per cent of the company with over 687 million shares, is expected to receive approximately VND1,375 billion ($53 million). Following this, the State Capital Investment Corporation (SCIC), the second-largest shareholder with a 36 per cent stake, is anticipated to receive nearly VND940 billion ($37 million).
Thanks to its solid financial foundation, which has been consistently maintained through multiple business cycles, SABECO has continued to report positive business results for 2024. This further reinforces the strength of the company's financial base, instilling confidence among investors, partners, and consumers alike.
These positive results have been attributable to the company's internal strength and the favourable recovery of the consumer market. These factors have allowed SABECO to sustain its growth momentum through the fourth quarter of 2024 and beyond.
SABECO has also prepared to capitalise on the economic recovery in the domestic market, along with expanding into international markets. In 2024, the corporation focussed on developing new products, and enhancing its brand image to engage a younger customer demographic, particularly those in large urban areas.
The company’s premium beer products have also shown positive signals, marking an important step in its product diversification strategy. Furthermore, the company is focusing on eco-friendly products to align with the growing trend of sustainable consumerism.
