Vinexad (VNX) Announces 130% Cash Dividend, Leads Week of Payouts

Overview

Vinexad Joint Stock Company (VNX) will close its shareholder list on April 14 to pay a final 2025 cash dividend of 13,000 VND per share, equivalent to a 130% payout ratio. This exceeds the company’s initial dividend plan of 60% approved by its AGM, driven by better-than-expected 2025 financial results. Quang Ngai Sugar JSC (QNS) and Thu Dau Mot Water JSC (TDM) have also announced their ex-dividend dates for the week of April 13-17.

Key Facts

• Vinexad (VNX) sets ex-date for April 14 to pay a 130% (13,000 VND/share) cash dividend for 2025, more than double its initial 60% plan.
• The total estimated payout for VNX is nearly VND 42 billion, based on over 3.2 million outstanding shares.
• VNX’s 2025 net profit reached nearly VND 57 billion, exceeding its target by 51%, while revenue hit VND 294 billion, 17% above plan.
• Quang Ngai Sugar (QNS) sets ex-date for April 17 to pay a 20% (2,000 VND/share) cash dividend, with an estimated total payout of VND 735.3 billion.
• Thu Dau Mot Water (TDM) sets ex-date for April 15 to pay a 13% (1,300 VND/share) cash dividend, with an estimated total payout of over VND 144.4 billion.
• TDM’s 2026 AGM approved a minimum dividend policy of 13% of charter capital and a target to increase commercial water output by about 15% year-on-year.
• VNX has a history of high cash dividends: 60% in 2022, 150% in 2023, and 120% in 2024.

What Happened

According to company filings and market announcements, nine Vietnamese listed companies have set ex-dividend dates for the week of April 13-17, with six paying cash dividends. Vinexad (VNX) leads with the highest payout ratio of 130%, or 13,000 VND per share. The company stated that this final dividend, to be paid from 2025 earnings, significantly exceeds the 60% ratio initially approved by its Annual General Meeting of Shareholders (AGM). The increase is attributed to 2025 financial performance that surpassed expectations, with net profit reaching nearly VND 57 billion, 51% above target, and revenue of VND 294 billion, 17% above plan.

Quang Ngai Sugar (QNS) announced its ex-date for April 17 to pay the remaining 2025 cash dividend of 20% (2,000 VND/share), following two interim payments in August 2025 and January 2026 that also totaled 20%. Thu Dau Mot Water (TDM) set its ex-date for April 15 for a 13% (1,300 VND/share) cash dividend from 2025 earnings. TDM’s recent 2026 AGM approved a business plan targeting a minimum 15% increase in commercial water output and established a minimum dividend policy of 13% of charter capital for the year.

Market Context

Vinexad (VNX) trades on the UPCOM exchange and is known for its consistent high cash dividend payments, which historically include 60% in 2022, 150% in 2023, and 120% in 2024. The announcement of a 130% payout for 2025, coupled with strong profit growth, may attract income-focused investors. Quang Ngai Sugar (QNS), also on UPCOM, closed at VND 47,000 on April 10, with modest trading volume. Thu Dau Mot Water (TDM) closed at VND 57,000 on the same date. Dividend announcements often influence short-term trading activity around ex-dates as investors position for payouts.

Strategic Significance

The substantial dividend increase by Vinexad signals robust cash generation and a shareholder-friendly capital allocation policy, reinforcing its reputation as a high-yield stock in the advertising and exhibition sector. For long-term investors, the company’s ability to consistently deliver above-plan profits and translate them into direct shareholder returns supports a thesis of operational efficiency and conservative leverage. The parallel announcements from QNS and TDM highlight a broader trend of Vietnamese firms returning capital to shareholders, which can be particularly relevant in a market where dividend yields are a key component of total return.

What to Watch

• Actual dividend payment dates for VNX, QNS (scheduled for April 28, 2026), and TDM (scheduled from May 29, 2026).
• VNX’s Q1 2026 earnings report to assess if the strong profit momentum continues.
• TDM’s progress toward its 2026 target of a 15% increase in commercial water output.
• Any updates on QNS’s sugar production and pricing environment affecting future dividend capacity.
• Broader market liquidity and investor sentiment toward high-dividend stocks on UPCOM following this payout week.