A livestock enterprise locks the right to receive cash dividends at the rate of nearly 83%

On July 19, Dong Nai Agriculture and Animal Products Joint Stock Company (stock code NSS) will close the list of shareholders paying the remaining dividend in 2020 in cash. The payout ratio is 82.96%, equivalent to a shareholder owning 1 share will receive 8,296 VND. Payment deadline is July 30, 2021.

Thus, with more than 10.26 million shares outstanding, Dong Nai Agriculture and Animal Products will spend about 85 billion VND to pay dividends this time to shareholders.

In 2020, Dong Nai agricultural and livestock products achieved more than 347 billion VND in revenue, up 78.5% compared to 2019. Thanks to cost and cost savings, profit after tax was nearly 6 times higher than the same period last year. 137 billion VND. EPS is in the TOP with 13,331 dong.

With the achieved results, Dong Nai Agriculture and Animal Products has approved the profit distribution plan for 2020, in which the total dividend rate is 122.96%. Previously, the company had advanced the first dividend of 2020 in cash at the rate of 40%. The remaining balance will be paid in this installment.

In 2021, the company sets a conservative business plan with a revenue target of VND 270 billion, in which the expected output of pork is 4,200 tons for the whole year; the profit after tax plan is more than 43.3 billion dong, down to 68% of the profit earned in 2020. The dividend level in 2021 is expected to be at least 30%.

On the NSS stock market, there were almost no matching transactions. Currently maintaining the price of 12,300 VND/share.

By: Cafef