Vietnamese firms roll out early-year dividends, bonus share plans

Many companies in Vietnam are set to finalize shareholder lists for 2025 interim cash dividends after the Lunar New Year holiday (Tet), with some paying up to VND4,000 ($0.15) per share, while also closing registration for their 2026 AGMs.

A number of firms will both advance cash dividends and conduct large stock splits shortly after Tet. This period also marks the start of the AGM season, when companies review business results and outline new strategies. Several will simultaneously close the record date for dividend payments and AGM attendance.

The highest early-year dividend belongs to Central Pharmaceutical Joint Stock Company No 3, listed on the Ho Chi Minh Stock Exchange (HoSE) as DP3. It plans to pay a 40% cash dividend, equivalent to VND4,000 ($0.15) per share.

March 23 is the record date for the 2025 interim dividend. The company plans to spend about VND86 billion ($3.31 million) on the payout, scheduled for June 29.

Its largest shareholder, Vietnam Pharmaceutical Corporation or Vinapharm (UPCoM: DVN), which owns a 22.07% stake, is expected to receive nearly VND19 billion.

DP3 operates in pharmaceuticals, chemicals, cosmetics and nutritional products, with well-known items such as Sam Nhung Bo Than TW3 and Cao Sao Vang. The company has maintained generous dividend payouts, ranging from 60-80% in 2018-2022 and 30% in 2023-2024.

Refrigeration Electrical Engineering Corporation (HoSE: REE) announced February 27 as the record date for a 10% interim dividend and AGM attendance rights. The dividend will be paid on April 3, with the AGM scheduled for March 31.

Vimico - Thai Nguyen Non-Ferrous Metals JSC (UPCoM: TMG) will finalize its shareholder list on February 27 for a 15% cash dividend, equivalent to VND1,500 ($0.06) per share. With 18 million shares outstanding, the company plans to distribute around VND27 billion ($1.04 million) on March 11.

TMG is a 51%-owned subsidiary of Vinacomin-Minerals Holding Corporation (HNX: KSV), which is set to receive nearly VND13.8 billion from the payout.

PNJ, Vietcap, VPS announce large bonus share issuances

In the final days of the Year of the Snake, Phu Nhuan Jewelry JSC (HoSE: PNJ) secured shareholder approval to issue 170.5 million bonus shares from retained earnings, equivalent to a 50% ratio, meaning shareholders will receive one new share for every two held.

This is PNJ’s first bonus issue in three years, with charter capital expected to rise from VND3.41 trillion to VND5.12 trillion ($197 million). The issuance is planned for the first half of the year.

Vietcap Securities JSC (HoSE: VCI) has also approved a 35% bonus share issuance, distributing 297.5 million new shares and raising charter capital from VND8.501 trillion to VND11.48 trillion ($442 million).

Meanwhile, VPS Securities JSC (HoSE: VCK) plans to issue 913 million shares at a 60% ratio to increase charter capital from VND15.22 trillion to VND24.35 trillion ($937.6 million) in the first half of 2026, pending confirmation from the State Securities Commission.

An Giang Fruit-Vegetables & Foodstuff JSC or Antesco (HoSE: ANT) is seeking shareholder approval for dividend payments for the 2024-2025 fiscal years following its listing on the HoSE.

After posting strong profits in 2024-2025, Antesco has accumulated VND198.4 billion ($7.64 million) in undistributed after-tax profit, equivalent to nearly 83% of its charter capital at the end of last year.