BMP Announces Record 83.6% Cash Dividend, SCG to Receive VND 669B

Overview

Binh Minh Plastic (BMP) has announced a record cash dividend of 83.6% for the second installment of 2025, with the shareholder list closing on May 20. The parent company, Thailand’s SCG Group, will receive nearly VND 669 billion from this payout. This marks the highest cash dividend in BMP’s history, reflecting strong cash flow and profitability.

Key Facts

• BMP will close the shareholder list on May 20, 2025, for the second cash dividend of 2025 at 83.6% (VND 8,360 per share).
• The ex-dividend date is May 19, 2025, and payment is scheduled for June 10, 2025.
• Total payout for this dividend is approximately VND 684 billion based on 81.8 million outstanding shares.
• Combined with the first installment (65%), the total 2025 dividend ratio reaches 148.6%, equivalent to nearly VND 1,217 billion.
• SCG Group, through its subsidiary Nawaplastic Industries, owns nearly 55% of BMP (over 45 million shares) and will receive about VND 669 billion from both installments.
• In Q1 2026, BMP reported net revenue of VND 1,457 billion (+5.4% YoY) and net profit of VND 304 billion (+6% YoY).
• BMP’s 2026 full-year after-tax profit target is VND 1,278 billion; Q1 achieved nearly 24% of that plan.

What Happened

Binh Minh Plastic (BMP) announced that it will close the shareholder list on May 20, 2025, to pay the second cash dividend for 2025 at a rate of 83.6%, or VND 8,360 per share. This is the highest cash dividend in the company’s history. The ex-dividend date is May 19, and payment will be made on June 10, 2025.

Earlier, BMP had paid an interim cash dividend of 65% for the first installment. Combined, the total 2025 dividend reaches 148.6%, amounting to nearly VND 1,217 billion. The majority of this dividend will flow to the parent company, SCG Group of Thailand, which holds nearly 55% of BMP through its subsidiary Nawaplastic Industries. SCG will receive approximately VND 669 billion from both dividend payments this year.

Market Context

BMP shares closed at VND 160,900 on May 13, 2026, down 0.37% with volume of 196,700 shares. The stock trades on HOSE. The record dividend yield (83.6% on par value) is exceptional even by Vietnamese market standards, reflecting BMP’s strong cash position and profitability. The company’s Q1 2026 results showed steady growth, with net profit up 6% YoY, and its financial health is underscored by short-term financial investments of nearly VND 1,548 billion, representing over 40% of total assets.

Strategic Significance

For long-term investors, BMP’s record dividend underscores the company’s robust cash generation and commitment to shareholder returns, particularly under the control of SCG Group. SCG’s majority ownership and history of accumulating shares since 2012 signal strategic alignment and confidence in BMP’s business model. The high dividend payout may also reflect limited reinvestment opportunities in the mature plastics sector, making BMP a cash cow for its parent. However, such high payouts could constrain future growth investments.

What to Watch

• BMP’s Q2 2026 earnings release to see if profit growth sustains.
• Any changes in dividend policy or capital allocation strategy by SCG.
• BMP’s ability to maintain margins amid raw material price fluctuations.
• Potential for special dividends or share buybacks given the strong cash position.
• Regulatory or competitive developments in the Vietnamese plastics industry.