Fomeco (FBC) Declares 10,000 VND Cash Dividend, Yield Over 100%
This Aveluro analysis covers FBC 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
Fomeco (FBC), listed on UPCoM, will close its shareholder list on August 7 to pay a cash dividend of 10,000 VND per share, representing a 100% dividend rate. The total payout is about 37 billion VND, payable on September 18, 2026. This dividend is significantly higher than the stock’s current market price of 3,700 VND, resulting in a dividend yield exceeding 100%.
Key Facts
- Record date for the cash dividend is August 7, 2025.
- Dividend amount: 10,000 VND per share (100% rate).
- Total payout: approximately 37 billion VND.
- Payment date: September 18, 2026.
- Outstanding shares: nearly 3.7 million.
- Current stock price: 3,700 VND (unchanged since May 2022).
- FBC has a history of high cash dividends: 100% in 2024 and 200% in 2023.
- VEAM holds 51% of FBC’s charter capital of 37 billion VND.
What Happened
Fomeco (FBC) announced that it will pay a cash dividend for 2025 at a rate of 100%, equivalent to 10,000 VND per share. The company will close the shareholder list on August 7, 2025, and the dividend will be paid on September 18, 2026. The dividend was approved at the annual general meeting of shareholders in 2025.
FBC has a tradition of high cash dividends, having paid 100% in 2024 and 200% in 2023. Despite the generous dividend policy, the stock has been largely illiquid due to a concentrated shareholder structure, with the price stagnant at 3,700 VND since May 2022. The dividend amount exceeds the stock price by nearly three times.
Market Context
FBC trades on UPCoM with a market capitalization of approximately USD 1.48 million. The stock has seen minimal trading activity for years, with the price fixed at 3,700 VND. The high dividend yield (over 100%) is unusual and reflects the stock’s low price relative to its dividend payout. FBC is part of the VEAM ecosystem, which provides advantages in supplying components to major automotive and motorcycle joint ventures.
Strategic Significance
FBC’s ability to maintain high cash dividends is supported by its solid financial performance. In 2025, the company reported revenue of 1,152 billion VND and net profit of nearly 78 billion VND, both slightly higher than the previous year and well above its business plan. The company’s role as a supplier to Honda Vietnam and other FDI firms like Yamaha, Suzuki, and Panasonic provides a stable revenue base. However, the extreme illiquidity and concentrated ownership (51% held by VEAM) limit the stock’s appeal to minority investors.
What to Watch
- Whether the stock price adjusts after the ex-dividend date.
- Any changes in trading volume or shareholder structure that could improve liquidity.
- FBC’s financial results for the first half of 2026 to assess sustainability of dividends.
- VEAM’s strategic plans for its stake in FBC.
- Potential for a stock split or other corporate actions to enhance liquidity.