A residential block constructed by Becamex Infrastructure Development JSC in Ben Cat Town, Binh Duong Province. — Photo becamexijc.com The recent cut to the central bank’s benchmark interest rate may drive investors towards cash-dividend stocks as they look for higher yields. Under a decision issued by the State Bank of Vietnam (SBV) this month, saving interest rates for short-term loans of up to six months were cut by 0.25-0.30 percentage points to 0.5 per cent and 4.75 per cent per annum. At large-cap banks such as Vietcombank, Military Bank, Bank for Investment and Development of Vietnam (BIDV), and Techcombank, saving interest rates for those terms range from 3.9 per cent to 6.0 per cent. For some listed companies, investors may have higher yields if they buy in at low prices as the dividend-to-share price ratios beat banks’ saving rates. Becamex Infrastructure Development JSC (HoSE: IJC) in 2019 earned a total of nearly VND1.6 trillion (US$68.2 million) in revenue and VND284.4 billion in profit, beating its full-year targets by 65 per cent and 23 per cent, respectively. The figures were up 28 per cent and 22 per cent year on year. In 2017-18, the company paid a cash dividend of 10-12… Read full this story
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