Gelex Electric (GEE) Announces 5% Interim Dividend, Payout Over VND 320B

Overview

Gelex Electric (GEE) announced an interim cash dividend of 5% (VND 500 per share) for the second installment of 2026, with a record date of September 18, 2026. The total payout will exceed VND 320 billion, funded from the company’s robust cash flow. This is part of the approved 30% cash dividend plan for 2026, reflecting strong operational performance in the first half.

Key Facts

• Dividend rate: 5% in cash, equivalent to VND 500 per share.
• Record date: September 18, 2026; payment expected on October 7, 2026.
• Total payout: over VND 320.2 billion, based on nearly 640.5 million outstanding shares.
• This is the second interim dividend for 2026; the first was paid on June 30, 2026, also at 5%.
• Annual dividend plan for 2026 approved at the AGM in April: 30% cash dividend.
• H1 2026 net revenue: nearly VND 16,621.3 billion, up 41% year-on-year.
• H1 2026 net profit: nearly VND 1,351 billion, up 28.3% year-on-year.

What Happened

Gelex Electric’s Board of Directors approved a resolution to distribute an interim cash dividend of 5% for the second installment of 2026. Shareholders on record as of September 18, 2026, will receive VND 500 per share, with payment scheduled for October 7, 2026. The company will disburse over VND 320.2 billion for this installment.

This announcement follows the first interim dividend paid on June 30, 2026, also at 5%. The company’s annual dividend plan for 2026, approved at the April shareholders’ meeting, targets a total cash dividend of 30%. The interim payouts are consistent with that plan.

Gelex Electric’s H1 2026 financial results, as per reviewed consolidated statements, show net revenue of nearly VND 16,621.3 billion (up 41% year-on-year) and net profit of nearly VND 1,351 billion (up 28.3%). The company achieved 61% of its full-year revenue target and 49.9% of its profit target.

Market Context

GEE shares closed at VND 60,600 on September 8, 2026, on the HOSE. The stock has been supported by the company’s strong earnings growth and consistent dividend policy. The announced dividend yield for this installment is approximately 0.8% based on the current price, with the full-year 30% plan implying a yield of around 5%. The broader Vietnamese market has seen renewed interest in dividend-paying industrial stocks amid stable economic growth.

Strategic Significance

Gelex Electric’s dividend announcement underscores its commitment to returning cash to shareholders while maintaining a growth trajectory. The company’s H1 performance, with revenue up 41% and profit up 28.3%, indicates robust demand for its electrical equipment and solutions. The 30% dividend plan for 2026 signals confidence in sustained earnings, supported by a strong balance sheet with total assets exceeding VND 19,561.7 billion. For long-term investors, the consistent dividend payout, coupled with operational expansion, positions GEE as a potential income-generating stock within the industrial sector.

What to Watch

• Q3 2026 earnings release, expected in October, to confirm sustained growth.
• Progress toward the full-year targets of VND 27,242 billion revenue and VND 2,705 billion net profit.
• Any further interim dividend announcements for the remainder of 2026.
• Changes in financial investments, which accounted for over 33% of total assets as of June 30, 2026.
• Regulatory or policy updates affecting the electrical equipment sector in Vietnam.