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The Board of Directors of Vietjet Aviation Joint Stock Company (HOSE: VJC) has announced that following the Q1 financial statements they will advance a 60% dividend. The list of shareholders will be confirmed by July 2017 following approval of the dividend by the State Securities Commission of Vietnam.
According to the dividend issuance plan approved at Vietjet’s 2016 annual shareholder meeting and based on KPMG’s audited capital report for the first quarter of 2017, Vietjet has agreed to offer a bonus share issue to the shareholders at a rate of 100:40. In addition to the bonus share dividend, the Board will advance a 20% cash dividend.
Shareholders will receive 20% cash dividend and 40% bonus share dividend, totalling 60%.
The low-cost carrier that has courted international attention with its bikini-clad attendants, held its IPO in March this year. In May, it finalised the shareholder list for cash dividend for 2016. Shareholders received cash and share dividends totalling 119% in 2016.
Established in 2007, Vietjet officially launched operations in December 2011. Currently, the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates over 300 flights per day.
It currently operates 63 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China, and Myanmar, and plans to expand its network across the Asia-Pacific region.
The airline has reportedly placed orders for 119 Airbus A320/321 family aircraft and 100 Boeing 737 MAX and is also building Vietjet’s Centre of Aviation Technology.