DVP Port Pays 30% Cash Dividend, Total 80% for 2025

Overview

DVP (Cảng Đình Vũ, HOSE: DVP) announced a second cash dividend of 30% for fiscal 2025, with a record date of September 10 and payment on September 30, 2026. This brings the total 2025 dividend to 80% in cash, continuing the company’s long-standing policy of high payouts since its 2009 listing.

Key Facts

• DVP will pay a second cash dividend of 30% (VND 3,000 per share) for 2025; record date is September 10, ex-right date September 9, payment on September 30, 2026.
• Total 2025 cash dividend reaches 80%, or VND 8,000 per share, after the first installment of 50% (VND 5,000/share) paid on June 29.
• With 40 million shares outstanding, DVP will disburse approximately VND 120 billion for this dividend.
• Parent company Cảng Hải Phòng (PHP), holding 51%, will receive about VND 61.2 billion; Vật tư Nông sản, holding 18.7%, will get over VND 22.4 billion.
• DVP has paid average annual cash dividends of 30-40% since listing in 2009; in the last three years, payouts have been 70-80%.
• H1 2026 revenue reached VND 335 billion (+9% YoY); net profit was VND 158 billion (+20% YoY), completing 41% of revenue and 43% of profit targets.

What Happened

According to a company announcement, DVP will close the shareholder list on September 10 to execute the second cash dividend payment for 2025 at a rate of 30%, equivalent to VND 3,000 per share. The ex-right date is September 9, and payment is scheduled for September 30, 2026. This follows the first installment of 50% (VND 5,000/share) paid on June 29.

The company has 40 million shares outstanding, so the total payout for this round is about VND 120 billion. Major shareholders include CTCP Cảng Hải Phòng (PHP), the parent with 51%, which will receive roughly VND 61.2 billion, and CTCP Vật tư Nông sản, holding 18.7%, which will get more than VND 22.4 billion.

DVP has a well-known history of high cash dividends since its listing in 2009, with average annual payouts of 30-40%. In the past three years, the company has maintained dividends of 70-80%, placing it among the highest-yielding stocks on the market.

Market Context

DVP shares closed at VND 77,100 on September 6, 2026, on the HOSE. The stock has been supported by the company’s consistent cash distribution policy, which is rare in the Vietnamese logistics sector. The 80% dividend for 2025 implies a yield of over 10% at the current price, reinforcing DVP’s appeal to income-focused investors. The broader market has seen renewed interest in high-dividend stocks amid lower interest rates.

Strategic Significance

The dividend announcement underscores DVP’s stable cash generation and disciplined capital allocation. The company’s ability to pay 80% cash dividends while still growing revenue and profit suggests a mature business with limited capex needs. For long-term investors, DVP offers a predictable income stream, backed by its strategic position in the Hải Phòng port cluster. The parent PHP’s majority stake ensures alignment with state-owned shipping conglomerate VIMC, which may support stable operations and policy backing.

What to Watch

• Q3 2026 earnings release (expected October 2026) to see if profit growth continues.
• Any changes in dividend policy for 2026, especially if the company maintains the 70-80% range.
• Container throughput at Dinh Vu Port and regional competition from new port developments.
• Potential related-party transactions or capital raises that could affect payout capacity.
• Foreign ownership changes, as high dividend yields may attract foreign investors.