HAT Declares 30% Cash Dividend for 2025, Record Date Aug 4

Overview

Hanoi Beer Trading JSC (HAT) announced a 30% cash dividend for fiscal year 2025, equivalent to 3,000 VND per share, with a record date of August 4, 2026. This marks the third consecutive year at this payout level, extending a streak of over 15 years of uninterrupted cash distributions. The announcement underscores HAT’s stable cash generation and shareholder return policy, with parent company Habeco (BHN) set to receive a significant portion of the payout.

Key Facts

• Dividend rate: 30% cash, or 3,000 VND per share, for fiscal year 2025.
• Record date: August 4, 2026; payment date: September 29, 2026.
• Total payout: approximately 9.37 billion VND, based on 3.12 million outstanding shares.
• HAT’s charter capital: over 31.2 billion VND.
• Third consecutive year of 30% cash dividend; 2022 dividend was 40%, the highest in over a decade.
• Q2 2026 net revenue: over 561 billion VND, up 11% year-on-year; net profit: 3 billion VND, up 4.7%.
• H1 2026 net revenue: 771 billion VND; net profit: 3 billion VND, up 1.1% year-on-year.
• Parent Habeco (BHN) holds 60% of HAT, expecting to receive over 5.6 billion VND in dividends.

What Happened

Hanoi Beer Trading JSC (HAT) announced on its corporate disclosure that it will pay a 30% cash dividend for fiscal year 2025. Shareholders on record as of August 4, 2026, will receive 3,000 VND per share, with payment scheduled for September 29, 2026. The company has maintained a consistent dividend policy for over 15 years, with this being the third consecutive year at the 30% level. In 2022, the dividend was 40%, the highest in more than a decade.

The announcement comes alongside HAT’s Q2 2026 financial results, which showed net revenue of over 561 billion VND, up 11% year-on-year, and net profit of 3 billion VND, up 4.7%. For the first half of 2026, revenue reached 771 billion VND, with net profit of 3 billion VND, up 1.1% from the same period in 2025. The company attributed the profit growth to improved gross margins and cost controls.

Market Context

HAT shares closed at 29,000 VND on August 6, 2026, on the Hanoi Stock Exchange (HNX). The stock has been trading in a range that reflects its stable but modest earnings profile. The dividend yield at the current price is approximately 10.3%, which is attractive relative to the broader market. Parent company Habeco (BHN), which holds a 60% stake, closed at 29,150 VND on the same day. The dividend announcement reinforces HAT’s reputation as a reliable income stock within Vietnam’s consumer staples sector, though its small market capitalization limits institutional interest.

Strategic Significance

For long-term investors, HAT’s consistent dividend policy signals strong cash flow generation and disciplined capital allocation, even in a competitive beer distribution market. The company’s ability to maintain a 30% payout for three consecutive years, despite modest profit growth, suggests a mature business with limited reinvestment needs. The dividend also provides a steady income stream for parent Habeco, which relies on HAT’s distributions to support its own shareholder returns. However, the lack of significant earnings growth may cap upside potential, making HAT more of an income play than a growth story.

What to Watch

• HAT’s Q3 2026 earnings report, due in October 2026, to see if revenue and profit growth momentum continues.
• Any changes in Habeco’s ownership stake or strategic direction that could affect HAT’s dividend policy.
• Regulatory or market developments in Vietnam’s beer distribution sector, including competition from imported brands.
• HAT’s ability to maintain or increase dividends in 2026, given the current payout ratio and cash flow trends.
• Trading volume and price movement around the record date, which may see short-term volatility as investors position for the dividend.