Thai Beverage Public Company Limited (ThaiBev), which owns a 53.59% stake in Saigon Beer, Alcohol and Beverage Corporation (Sabeco), will receive more than VND1.7 trillion (US$73.2 million) in cash dividends for last year if a proposal to increase Sabeco’s dividend payout ratio from 35% to 50% is approved.


{keywords}

A tricycle transports products of Sabeco 


The board of Sabeco will announce the proposal at the firm’s annual shareholder meeting, slated for April 12.

Accordingly, Sabeco will likely allocate some VND3.2 trillion for the dividend payment, instead of VND2.2 trillion as in the initial plan.

If the proposal is approved, ThaiBev will receive an additional VND515.4 billion. The investor was paid over VND515.4 billion as well as VND687.2 billion in cash dividends in early October and mid-December, respectively.

The Ministry of Industry and Trade, which holds a 36% stake in Sabeco, may receive more than VND1.15 trillion.

The board of Sabeco also proposed readjusting the dividend payout ratio this year to 35%.

SGT