Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) will pay shareholders stock dividend at the rate of 61.82 per cent for 2017’s business result, the company announced.

The list of shareholders participating in the payout will be finalised on June 19.

A shareholder who owns 100 shares will receive nearly 62 new shares. VPBank will buy treasury shares from shareholders owning preferred shares, as approved at the general meeting of shareholders.

After that, the shares will be used as a source of share for existing shareholders. The bank is currently filing reports on the acquisition of treasury shares, which is expected to start in July.

Shareholders will receive share dividends at the rate of 30.217 per cent and bonus shares from supplementary capital and share capital surplus at the rate of 31.6 per cent.

VPBank is expected to issue some 925.67 million shares to pay dividend this time.

The bank’s charter capital is expected to increase from VND15.7 trillion (US$690 million) to VND24.9 trillion.

VPBank made the decision shortly after State Bank of Viet Nam approved its plan to raise capital from VND15.7 trillion to VND25.2 trillion. — VNS