DIC Corp (DIG) Sets Record Date for 6% Stock Dividend, Capital to Rise

Overview

DIC Corp (DIG) announced a record date of September 9, 2026, for the issuance of nearly 47.8 million shares as a 2025 stock dividend at a ratio of 100:6. The distribution will increase the company’s charter capital from over VND 7,964 billion to more than VND 8,442 billion. This capital increase comes alongside a sharp rise in H1 2026 earnings, with pre-tax profit surging ninefold year-on-year.

Key Facts

• Record date for the stock dividend: September 9, 2026.
• Dividend ratio: 100:6 (6 new shares for every 100 held).
• Total shares to be issued: nearly 47.8 million shares.
• Total issuance value at par: approximately VND 478 billion.
• Charter capital will increase from over VND 7,964 billion to over VND 8,442 billion.
• H1 2026 net revenue: VND 758 billion, up 78% year-on-year.
• H1 2026 pre-tax profit: VND 146 billion, up 9x year-on-year.
• Full-year 2026 targets: VND 3,000 billion revenue and VND 600 billion pre-tax profit; H1 achievement: 25% of revenue and 24% of profit targets.

What Happened

DIC Corp (DIG), listed on HOSE, has announced a record date of September 9, 2026, for the distribution of nearly 47.8 million shares as dividends for fiscal year 2025. The dividend will be paid in shares at a ratio of 100:6, meaning shareholders receive 6 new shares for every 100 shares held. The total issuance value, based on par value, is approximately VND 478 billion, sourced from undistributed after-tax profits as of December 31, 2025, per the audited 2025 financial statements. Upon completion, charter capital will rise from over VND 7,964 billion to over VND 8,442 billion.

In a separate development, the company has approved the transfer of certain component projects within the Đại Phước Eco-Tourism Urban Area in Đồng Nai. Specifically, it will transfer a 134,303 m² portion of Sub-zone 8 to DCP Châu Á Corporation, and a 19,110 m² portion of Sub-zones 1, 2, and 3 to Việt Nét International Corporation. These transfers are part of ongoing asset divestments.

Market Context

DIG shares closed at VND 10,950 on August 17, 2026, reflecting a challenging period for the real estate sector. The stock dividend announcement comes as the company reports a strong H1 2026, with pre-tax profit up ninefold year-on-year, driven by a surge in financial income and gains from associates. However, the company has only achieved about a quarter of its full-year revenue and profit targets, indicating a heavy reliance on H2 performance. The stock’s valuation remains modest, and the dividend may be seen as a positive signal for shareholder returns.

Strategic Significance

The stock dividend underscores DIC Corp’s commitment to rewarding shareholders while preserving cash for ongoing projects. The capital increase strengthens the company’s equity base, which could support future borrowing capacity and project development. The asset transfers at Đại Phước suggest a strategic focus on monetizing non-core assets to generate liquidity. For long-term investors, the key question is whether the company can accelerate project execution to meet its annual targets, given that H1 results lag expectations. The dividend, while modest, reflects management’s confidence in the company’s financial position.

What to Watch

• Completion of the stock dividend issuance and the resulting increase in charter capital, expected after the record date.
• Progress on the Đại Phước project transfers and any additional divestments.
• Q3 2026 earnings report to assess whether the company can accelerate revenue and profit growth.
• Updates on the company’s full-year 2026 guidance and any revisions.
• Market reaction to the dividend and capital increase, including any changes in foreign ownership limits.