Dinh Vu Port (DVP) Declares 50% Cash Dividend, Payout on June 29, 2026

Overview

Dinh Vu Port (DVP) has announced a 50% cash dividend for the first installment of 2025, paying VND 5,000 per share on June 29, 2026. The record date is June 5, 2026. The total payout amounts to VND 200 billion, with parent company Hai Phong Port (PHP) receiving approximately VND 102 billion. This dividend comes as DVP’s Q1 2026 net profit declined 4% year-on-year, reaching only 17% of its full-year target.

Key Facts

• DVP will pay a cash dividend of 50% (VND 5,000 per share) for the first installment of 2025.
• Record date: June 5, 2026; payment date: June 29, 2026.
• Total payout: VND 200 billion, based on 40 million outstanding shares.
• The company plans a total 2025 dividend of 80% in cash, with the second installment (30%) expected before September 30, 2026.
• Parent company Hai Phong Port (PHP, UPCoM) holds 51% of DVP and will receive about VND 102 billion.
• Other major shareholders: Vat tu Nong san (18.7%) receives ~VND 37 billion; American LLC (8.5%) receives ~VND 17 billion.
• Q1 2026 revenue: VND 153 billion (-3% YoY); pre-tax profit: VND 77 billion (-4% YoY), achieving 17% of the full-year target of VND 460 billion.
• Q1 2026 container throughput: ~102,000 TEU (88% of prior year). Q2 2026 target: 130,000 TEU, revenue ~VND 174 billion, pre-tax profit ~VND 77 billion.

What Happened

Dinh Vu Port Investment and Development Joint Stock Company (DVP, listed on HoSE) announced a record date of June 5, 2026, for its first cash dividend payment of 2025. Shareholders will receive VND 5,000 per share, representing a 50% dividend rate. The payment is scheduled for June 29, 2026. This is the first of two installments for the 2025 fiscal year, with a total planned dividend of 80% in cash, as approved by the 2026 Annual General Meeting.

The company’s parent, Hai Phong Port (PHP), which owns 51% of DVP, will receive approximately VND 102 billion. Other notable shareholders include Vat tu Nong san (18.7%) and American LLC (8.5%), who will receive VND 37 billion and VND 17 billion, respectively.

Market Context

DVP shares trade on HoSE. The company’s Q1 2026 results showed a slight decline in revenue and profit compared to the same period last year, with pre-tax profit reaching only 17% of the full-year target. Container throughput fell 12% year-on-year to 102,000 TEU. However, management has set ambitious Q2 2026 targets, aiming for 130,000 TEU and pre-tax profit of VND 77 billion, which would represent a 14% increase year-on-year. The dividend announcement may provide support to the stock, but the weak Q1 performance and high payout ratio raise questions about capital allocation.

Strategic Significance

The 50% cash dividend underscores DVP’s commitment to returning capital to shareholders despite a challenging operating environment. The high payout ratio (80% of 2025 earnings) suggests limited reinvestment opportunities or a desire to maintain shareholder loyalty. The parent company PHP benefits significantly from this dividend, receiving over VND 100 billion, which could bolster its own financial position. However, the decline in throughput and profit in Q1 2026 highlights headwinds in the port sector, including potential trade slowdowns or competition. Investors should monitor whether DVP can achieve its Q2 targets to justify the dividend policy.

What to Watch

• Q2 2026 operational results: container throughput and revenue vs. targets.
• Second dividend installment (30%) expected before September 30, 2026.
• Full-year 2026 earnings performance relative to the VND 460 billion pre-tax profit target.
• Any changes in major shareholder stakes, particularly PHP’s ownership.
• Macroeconomic indicators affecting port volumes, such as export/import data for Hai Phong.