Unlock the Power of Small Stocks: How to Score Big with High-Dividend Plays
Small-Cap Stocks with High Dividend Yields
Several small-cap stocks have recently announced high dividend yields, attracting the attention of investors. These companies, despite having modest charter capital and small market capitalization, are expected to pay significant dividends to their shareholders.
VIP Green Port Joint Stock Company (VGR)
VGR has announced that it will close the shareholder list on September 19 to pay the first interim dividend in 2024. The dividend will be paid in cash at a rate of 20%, meaning each share will receive 2,000 VND. With a charter capital of over 632 billion VND and a market capitalization of just over VND3,600 billion, VGR is expected to spend about VND126.5 billion on this interim dividend payment.
Sonadezi Long Thanh Joint Stock Company (SZL)
SZL has announced that it will close the shareholder list on September 21 to pay the second dividend in 2023. The dividend will be paid in cash at a rate of 20%, equivalent to 2,000 VND per share. With more than 27.3 million shares in circulation and a very small market capitalization of only VND 1,116 billion, SZL is expected to pay about VND 55 billion in dividends to shareholders.
Hanoi Beer Trading Joint Stock Company (HAT)
HAT has announced that it will close the shareholder list on September 23 to pay 2023 cash dividends at a rate of 30%, equivalent to each share receiving VND 3,000. This company plans to spend more than 9.3 billion VND for this dividend payment. Hanoi Beer – Alcohol - Beverage Corporation (Habeco), which owns 60% of capital at Habeco Trading, is expected to receive nearly 5.6 billion VND in dividends.
An Giang Mechanical Joint Stock Company (CKA)
CKA has announced that it will close the shareholder list on September 17 to pay dividends for 2023 at a rate of 50%, equivalent to each share receiving VND 5,000, expected payment date October 3. With nearly 3.3 million shares in circulation, An Giang Mechanical Joint Stock Company will spend more than VND16 billion for this payment. Vietnam Engine and Agricultural Machinery Corporation, which holds 47.41% of CKA’s charter capital, will receive about VND7.6 billion from dividends.
Dividend Yields and Shareholder Structure
These small-cap stocks have attracted attention due to their high dividend yields. VGR’s shareholder structure includes Vietnam Container Corporation (VSC), the parent company, which holds more than 47 million shares, and Evergreen Marine Corp, which holds 13.7 million shares. SZL’s major shareholders include Sonadezi Industrial Park Development Corporation (SNZ) and America LLC. HAT’s major shareholder is Hanoi Beer – Alcohol – Beverage Corporation (Habeco). CKA’s major shareholder is Vietnam Engine and Agricultural Machinery Corporation.
Conclusion
These small-cap stocks offer attractive dividend yields, making them appealing to investors seeking regular income. However, it is essential to conduct thorough research and consider various factors before investing in these stocks.
