CKA to Pay Record 120% Cash Dividend on Sept 21, 2025
This Aveluro analysis covers CKA on UPCOM in the Industrial Goods & Services sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Cơ Khí An Giang (CKA) will close its shareholder list on September 21, 2025, to pay a cash dividend of 120% for fiscal year 2025, amounting to approximately 40 billion VND. This marks the highest dividend yield in the company’s history since listing on UPCOM. The announcement follows a year of exceptional profit growth, with net profit surging 174% year-on-year.
Key Facts
- Dividend rate: 120% per share, equivalent to 12,000 VND per share.
- Record date: September 21, 2025; payment date: October 7, 2025.
- Total payout: ~40 billion VND based on ~3.3 million shares outstanding.
- Major shareholder VEAM (VEA) holds 47.41% of CKA and will receive nearly 19 billion VND.
- Chairman Trần Quân Anh (28.45% stake) and board member Đồng Trọng Nghĩa (18.96%) will receive ~11 billion and ~7.5 billion VND, respectively.
- 2025 revenue: 230 billion VND (+8% YoY); net profit: over 65 billion VND (+174% YoY).
- 2026 guidance: revenue of 228 billion VND (-4%) and pre-tax profit of ~45 billion VND (-33%).
What Happened
Cơ Khí An Giang (CKA), a UPCOM-listed machinery manufacturer, announced a cash dividend of 120% for fiscal year 2025, with the record date set for September 21, 2025. Shareholders will receive 12,000 VND per share, with payment scheduled for October 7, 2025. The total payout is approximately 40 billion VND, matching the plan approved at the annual general meeting.
This dividend is the highest ever paid by the company since its UPCOM listing. Historically, CKA has maintained a dividend tradition since 2018, with rates ranging from 20% to 35%. In 2023 and 2024, cash dividends were 50% and 100%, respectively. The company’s strong 2025 performance—revenue of 230 billion VND (+8%) and net profit exceeding 65 billion VND (+174%)—enabled this record payout.
Market Context
CKA shares closed at 68,700 VND on August 26, 2025, down nearly 4% on the day, but still up about 50% year-to-date. The stock trades on UPCOM, and the dividend announcement comes amid a period of strong price appreciation. The 120% cash dividend implies a yield of approximately 17.5% at the current price, which is exceptionally high. VEAM (VEA), the largest shareholder, will receive a substantial cash inflow, potentially supporting its own dividend capacity.
Strategic Significance
This dividend payout reflects CKA’s robust cash generation and commitment to shareholder returns. The company’s ability to distribute 120% of par value suggests strong free cash flow and a conservative capital structure. However, the 2026 guidance indicates a planned decline in profitability, with pre-tax profit expected to fall 33% to ~45 billion VND. This could signal a normalization after an exceptional year, possibly due to one-off gains or cyclical demand. Investors should assess whether the dividend is sustainable at current levels or if it represents a peak payout.
What to Watch
- Q3 2025 earnings report to see if profit momentum continues.
- 2026 interim results to gauge whether the projected profit decline materializes.
- Any changes in VEAM’s stake or dividend policy, as it receives a large cash inflow.
- CKA’s order book and revenue pipeline for 2026, especially in agricultural machinery and construction segments.
- Market reaction to the ex-dividend date and potential price adjustment.