PMS Announces Record 39% Cash Dividend for 2025, Ex-Date April 23

Overview

Petroleum Mechanical Joint Stock Company (PMS) announced a record cash dividend of 39% (3,900 VND per share) for 2025, with an ex-date of April 23 and payment expected from May 15. The company, a long-standing dividend payer, will distribute approximately VND 28 billion to shareholders, with major beneficiary Petrolimex Construction and Trading receiving about VND 13 billion. This move highlights PMS’s commitment to shareholder returns amid a projected revenue and profit decline for 2026.

Key Facts

• Dividend rate: 39% (3,900 VND per share), the highest in company history, surpassing the previous record of 33% set in 2016.
• Total payout: Approximately VND 28 billion, based on over 7.2 million outstanding shares.
• Key dates: Ex-date is April 23, 2025; registration deadline is April 24, 2025; payment expected from May 15, 2025.
• Major shareholder impact: Petrolimex Construction and Trading (a Petrolimex subsidiary) holds 46.17% of PMS and will receive about VND 13 billion in dividends.
• Historical context: PMS has paid consistent cash dividends for nearly two decades since 2005.
• 2026 business plan: Targets revenue of VND 1,184 billion (down 4% year-on-year) and pre-tax profit of VND 32 billion (down 21%), with a minimum dividend rate of 12% planned.
• Recent price action: PMS stock rose sharply on April 13, reaching a historical peak of 39,000 VND per share.

What Happened

Petroleum Mechanical Joint Stock Company (PMS) disclosed plans to pay a cash dividend for 2025 at a rate of 39%, equivalent to 3,900 VND per share, according to a company announcement. The ex-date is set for April 23, 2025, with the shareholder registration deadline on April 24, 2025, and payments scheduled to begin from May 15, 2025. With over 7.2 million shares outstanding, the total distribution is estimated at VND 28 billion.

The article notes that PMS has maintained a consistent cash dividend policy for nearly two decades since 2005, earning a reputation for reliable payouts. The 2025 dividend of 39% marks a record high for the company, exceeding the previous peak of 33% in 2016. Major shareholder Petrolimex Construction and Trading, a subsidiary of Petrolimex (PLX), holds 46.17% of PMS and is poised to receive approximately VND 13 billion from this distribution.

Market Context

PMS is listed on the HOSE exchange and operates in the industrial machinery sector, producing items like fuel tanks, barrels, and firefighting equipment. The stock recently surged, hitting an all-time high of 39,000 VND per share on April 13, 2025, amid positive market sentiment. The announced dividend yield of approximately 10% (based on the recent peak price) positions PMS as an attractive income stock in the Vietnamese market, especially given its long history of dividend payments. This move comes as the company forecasts a slight revenue decline and a more significant profit drop for 2026, yet it maintains a commitment to shareholder returns with a planned minimum dividend of 12%.

Strategic Significance

The record dividend underscores PMS’s strategy of prioritizing shareholder returns, likely driven by strong operational cash flows and a conservative capital allocation approach. As a subsidiary-linked entity with Petrolimex as a major stakeholder, this payout may reflect broader corporate governance trends within the Petrolimex ecosystem, emphasizing value distribution to investors. The consistency over two decades suggests a stable business model in the industrial machinery niche, even as the company navigates projected declines in 2026 revenue and profit, indicating confidence in sustaining payouts through cyclical challenges.

What to Watch

• Payment execution from May 15, 2025, to confirm the dividend distribution timeline.
• Q2 2025 earnings release to assess financial health and cash flow supporting the dividend.
• 2026 business performance against targets of VND 1,184 billion revenue and VND 32 billion pre-tax profit.
• Future dividend announcements for 2026, particularly whether the minimum 12% rate is maintained or adjusted.
• Any changes in major shareholder stakes, especially Petrolimex Construction and Trading’s holding, which could influence dividend policies.