Return to previous page GELEX has announced that April 28, 2025, will be the record date for shareholders entitled to receive the 2024 cash dividend at a rate of 5%.
Previously, according to the resolution of the Annual General Meeting of Shareholders (AGM) for 2025, GELEX Group will pay a total dividend of 10% for 2024, including 5% in cash and 5% in stock.
This is a meaningful encouragement for long-term shareholders who have supported the company.
With the 5% cash dividend rate, each shareholder holding one share will receive 500 VND. The record date for entitlement is April 28, 2025. The expected payment date is from May 22, 2025.
Thus, with more than 859 million shares in circulation, GELEX will spend over 429 billion VND to pay dividends to its shareholders.
With the 5% stock dividend, GELEX plans to issue 42.9 million new shares (with a nominal value of 10,000 VND/share), equivalent to a total issuance value of 429 billion VND at nominal value. The subscription ratio is 20:1 (shareholders holding 20 shares on the record date will receive one new share).
All shares issued as dividends to existing shareholders will be transferable without restrictions. The expected issuance date will be after the State Securities Commission announces in writing the receipt of GELEX’s issuance report, but no later than September 27, 2025.
Thus, in total, shareholders will soon receive a 10% dividend from the undistributed profits up to 2024.
Currently, GELEX’s charter capital is over 8.594 trillion VND, and after the stock dividend is paid, its charter capital will increase to 9.024 trillion VND, enhancing the company’s financial capacity and competitiveness in the market.
This year, the company targets a consolidated revenue of 37.6 trillion VND, consolidated pre-tax profit of 3.041 trillion VND, with an expected dividend of 10%.
On the stock exchange, as of the opening of the morning session on April 15, the price of GEX shares is 24,400 VND/share. According to a report by Vietcap published on April 11, the target price for GEX is 27,100 VND/share. Vietcap explains the 15% price increase by raising the valuation of the electrical equipment segment by 46%, mainly due to a 60% increase in net profit after tax and minority interest (NPAT-MI) for GEE (the electrical equipment sub-holding of GELEX) during the 2025–2029 forecast period. Additionally, the valuation of the Long Son Industrial Park (PXL) increased fivefold after GEX made a new capital contribution to this project in March 2025, increasing its ownership stake from 25% to 65%.
PR DEPARTMENT
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