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VietinBank to pay dividends in shares for last three years

VietinBank to pay dividends in shares for last three yearsThe logo of VietinBank is displayed in front of a building in Hanoi. Photo by Shutterstock/TK Kurikawa.The government has approved VietinBank’s plans to pay dividends for 2017-19 at a total rate of 28.79 shares for every 100 owned.

The government owns a 64.46 percent stake in the lender.

CTG shares gained 6.1 percent to rise to a new all-time high of VND51,200 ($2.22) on Monday, and has gained 48 percent this year.

Its pre-tax profits rose by 2.7 times year-on-year in the first quarter to VND8.06 trillion.

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