TPBank postpones cash dividend payment date

Tien Phong Commercial Joint Stock Bank (TPBank – TPB) has just announced the change of cash dividend payment plan.

Specifically, TPBank postponed the last registration date to exercise the right for existing shareholders to pay dividends from February 21, 2023 to March 21, 2023. Payment date changed to 3/4 instead of 3/3. The reason for the adjustment is to review and complete the internal procedures of the bank.

Previously, TPBank had consulted shareholders in writing on the dividend payment in 2023. TPBank's General Meeting of Shareholders approved the plan to pay 25% cash dividend, with an approval rate of 77,69%.

According to the plan, TPBank will pay a dividend of VND2,500/share. With nearly 1,582 billion shares outstanding and no treasury shares, it is estimated that TPBank will spend about 3,955 billion VND to pay dividends to shareholders. The payment source will be from undistributed profits until 2021, after setting aside funds according to the audited financial statements.

Regarding business results in 2022, the bank recorded an estimated profit before tax of VND 7,828 billion, equivalent to an increase of about 30% compared to 2021. Total assets of the bank increased by more than 12% compared to the same period last year, reached the milestone of nearly 329 trillion VND. TPBank's total operating income this year reached over VND 15,600 billion, up more than 15.5% compared to 2021. Net profit from services reached about VND 2,700 billion, up nearly 75% over the same period.