CCV Announces Record 63.16% Cash Dividend for 2025, Revenue Up 41%

Overview

CCV (UPCoM: CCV), a Vietnamese construction consultancy firm, has announced a record cash dividend of 63.16% for 2025, the highest in its history. The dividend follows a strong 2025 performance with revenue up 41% and net profit up 26% year-on-year. The company also set modest growth targets for 2026, with revenue of VND 317 billion and net profit of VND 19 billion.

Key Facts

• CCV declared a cash dividend of 63.16% for 2025, equivalent to VND 6,316 per share.
• The record date is May 25, 2026, with payment expected on June 9, 2026.
• Total dividend payout is estimated at over VND 11 billion, based on nearly 1.8 million outstanding shares.
• Parent company VGV (UPCoM: VGV) holds 51% and will receive about VND 5.6 billion in dividends.
• 2025 revenue reached VND 292 billion (+41% YoY); net profit was nearly VND 18 billion (+26% YoY), a record since equitization.
• 2026 targets: revenue of VND 317 billion and net profit of VND 19 billion, implying a payout ratio of 65%.
• CCV shares closed at VND 68,000 on May 14, 2026, with low liquidity due to concentrated ownership.
• HNX placed CCV under warning status from April 3, 2026, because its paid-in capital fell below VND 30 billion, violating UPCoM listing rules.

What Happened

CCV announced a record cash dividend of 63.16% for fiscal year 2025, the highest in the company’s history. The dividend translates to VND 6,316 per share, with the record date set for May 25, 2026, and payment on June 9, 2026. The company attributed the generous payout to strong 2025 results: revenue of VND 292 billion (up 41% year-on-year) and net profit of nearly VND 18 billion (up 26%), both record highs since its equitization in 2007.

For 2026, CCV targets revenue of VND 317 billion and net profit of VND 19 billion, representing modest growth. The company plans to maintain a high dividend policy, with a payout ratio of 65% of net profit, equivalent to about VND 7 billion. The parent company, VGV, which owns 51% of CCV, is expected to receive approximately VND 5.6 billion in dividends.

Market Context

CCV shares closed at VND 68,000 on May 14, 2026, but the stock suffers from low liquidity due to a concentrated shareholder base. The company was placed under warning status by HNX on April 3, 2026, because its paid-in capital fell below VND 30 billion, no longer meeting UPCoM listing requirements under the amended Securities Law. This regulatory overhang may limit investor interest despite the high dividend yield. The parent company VGV, also listed on UPCoM, closed at VND 49,400 on May 12, 2026, down 14.97% with minimal volume.

Strategic Significance

CCV’s record dividend underscores its strong cash generation and commitment to shareholder returns, but the warning status and low capital base raise questions about its long-term listing viability. The company’s focus on construction consultancy, with two subsidiaries, positions it in a niche segment of Vietnam’s infrastructure sector. However, the small market cap and regulatory risk may deter institutional investors. The high payout ratio (65% of net profit) suggests limited reinvestment, which could constrain future growth.

What to Watch

• CCV’s ability to resolve the capital deficiency and remove the warning status before any potential suspension.
• Q2 2026 earnings release to assess whether revenue and profit growth momentum continues.
• Any capital increase plans or strategic moves by parent VGV to support CCV’s listing compliance.
• Changes in the shareholder structure, particularly any stake sales by major holders.
• Market reaction on the ex-dividend date and subsequent trading volumes.