VinaCapital dividend steady after prior 33% rise

VinaCapital saw its share price increase 0.1% to 502.7p today after it reported dividends would remain the same following a prior 33% rise in its half-year dividend.

The Vietnam-focused venture capital group noted a NAV per share of $8.4, alongside a share price total return over its interim of $6.3.

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The company reported a NAV total return per share of 6.9% in the six months until 31 December 2021.

Vinacapital saw a 33% increase in dividends from 6c to 8c in October 2021, which they paid in December 2021.

The dividend announced in October of 8c has remained at 8c for 2022 and is scheduled for payment on 10 May 2022.

The firm’s board declined to raise the dividend until it ascertained its final year results given the current global uncertainties.

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Vinacapital stated that its outlook was positive in light of the current geopolitical state, and reported that the long term fundamentals of Vietnam’s economy seem to provide a solid platform for advancement in 2022.

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