KSV, HLB, VNX Announce 2025 Dividends Over 100% at 2026 AGMs

Overview

Tổng Công ty Khoáng sản TKV – CTCP (Vimico, ticker: KSV) has announced a plan to pay a 119% cash dividend for 2025, amounting to VND 2,380 billion, to be voted on at its 2026 Annual General Meeting (AGM). This is part of a trend where companies like CTCP Bia và Nước giải khát Hạ Long (HLB) and CTCP Quảng cáo và Hội chợ Thương mại Vinexad (VNX) are proposing dividends exceeding 100%, driven by robust 2025 financial performance.

Key Facts

• KSV (HNX) plans a 119% cash dividend for 2025, equating to VND 11,900 per share, with a total payout of VND 2,380 billion, down from 150% in 2024 but above a previous minimum target of 15%.
• KSV reported 2025 consolidated revenue of over VND 14,636 billion (+10.2% YoY) and net profit of over VND 1,908 billion (+56.2% YoY).
• HLB (UPCOM) proposes a 125% cash dividend for 2025, or VND 12,500 per share, totaling over VND 38.6 billion, with its AGM scheduled for April 24, 2026.
• HLB targets 2026 revenue of over VND 1,898.5 billion (+3.8% vs 2025) and net profit of nearly VND 144.1 billion (+8% vs 2025).
• VNX (UPCOM) approved a 130% cash dividend for 2025, or VND 13,000 per share, totaling nearly VND 42 billion, with a record date of April 14, 2026, and payment on May 4, 2026.
• VNX achieved 2025 revenue of over VND 293.8 billion (+10% YoY), exceeding its plan by 117%.

What Happened

According to company filings and AGM announcements, multiple Vietnamese listed firms have disclosed plans for substantial 2025 dividend payouts, with rates ranging from 119% to 130%, to be voted on or approved at their 2026 AGMs. KSV, a mining company, will present its 119% dividend proposal at its upcoming AGM, citing strong 2025 results including a 56.2% jump in net profit. HLB, in the consumer staples sector, has drafted a 125% payout for shareholder approval in April 2026, alongside business targets for 2026. VNX, an advertising and exhibitions firm, already secured shareholder approval for a 130% dividend at its AGM on March 25, 2026, with specific payment timelines set.

The article notes that these high dividend ratios reflect solid financial foundations and a strategy to share profits with shareholders, attracting market attention. For KSV, the 119% payout, though lower than 2024’s 150%, remains significantly above earlier minimum expectations, driven by favorable business outcomes in the mining sector.

Market Context

KSV trades on the HNX and closed at VND 156 on April 10, 2026, with modest volume, while HLB on UPCOM closed at VND 400 on April 1, 2026, up 3.90%. The announcements come amid a broader trend of shareholder-friendly actions in Vietnam’s equity markets, with companies across mining, consumer staples, and advertising sectors leveraging strong 2025 performance to reward investors. High dividend yields, such as KSV’s 119%, can influence investor sentiment, particularly in resource-based stocks facing commodity price volatility.

Strategic Significance

For long-term investors, these dividend plans signal management confidence in sustained cash flow generation and a commitment to shareholder returns, which may enhance stock attractiveness in sectors like mining where capital intensity is high. KSV’s ability to propose a VND 2,380 billion payout despite a lower ratio than 2024 suggests operational efficiency and profit retention strategies. In consumer staples, HLB’s payout alongside growth targets indicates a balance between reinvestment and distribution, while VNX’s approval highlights resilience in the advertising sector post-pandemic recovery.

What to Watch

• KSV’s 2026 AGM date and final dividend approval vote.
• HLB’s AGM on April 24, 2026, for confirmation of the 125% dividend and 2026 business plan.
• VNX’s dividend payment execution on May 4, 2026, and subsequent cash flow impact.
• Q1 2026 earnings releases from KSV, HLB, and VNX to assess ongoing performance against dividend sustainability.
• Regulatory filings detailing dividend funding sources and any potential capital changes.