Harec (HRB) Declares 30% Cash Dividend, Ex-Date Aug 14
This Aveluro analysis covers HRB on UPCOM in the Real Estate 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
Harec Investment and Trading (HRB) announced a second cash dividend for 2025 at 30% (3,000 VND/share), with an ex-date of August 14 and payment expected on September 9, 2026. This brings total 2025 dividends to 6,000 VND/share, a record for the company. The announcement follows a cautious 2026 business plan that projects lower revenue and profit.
Key Facts
- Dividend rate: 30% in cash, equivalent to 3,000 VND per share.
- Ex-date: August 14, 2026; record date: August 17, 2026; payment date: September 9, 2026.
- Total 2025 dividends: 6,000 VND/share (two installments of 30% each).
- Estimated payout: ~19 billion VND based on 6.3 million shares outstanding.
- Largest shareholder: Hanoi Beer Alcohol and Beverage JSC (Habeco) holds 40%, expected to receive ~7.6 billion VND.
- 2025 revenue: 47 billion VND (record high); pre-tax profit: 29 billion VND, down slightly year-on-year.
- 2026 targets: revenue of 37 billion VND (-22% vs 2025), pre-tax profit of 17 billion VND (-41%).
What Happened
Harec Investment and Trading (HRB), listed on UPCOM, announced its second cash dividend for 2025 at a rate of 30%, or 3,000 VND per share. The ex-date is set for August 14, with the record date on August 17, and payment scheduled for September 9, 2026. This follows a first installment of 30% paid in April 2026, bringing the total 2025 dividend to 6,000 VND per share—a record for the company.
The company has a consistent dividend history, maintaining payouts above 25% since 2018, with the last three years above 30%. However, the 2026 business plan is cautious, targeting revenue of 37 billion VND (down 22% from 2025) and pre-tax profit of 17 billion VND (down 41%). The company cites aging infrastructure at Harec Building (operating for nearly 19 years) and the need to provision for overdue bond investments as reasons for the conservative outlook.
Market Context
HRB closed at 33,000 VND on July 20, 2026, implying a dividend yield of approximately 18% for the 2025 dividends alone. The stock trades on UPCOM, a market segment known for lower liquidity but often attractive dividend yields. The company’s consistent payout history has made it a favorite among income-focused investors, but the cautious 2026 guidance may temper expectations for future dividend growth.
Strategic Significance
Harec’s business model is concentrated in a single office building, which has been operating for nearly two decades. The company’s ability to maintain high dividends despite declining profitability suggests a mature, cash-generative asset, but the aging infrastructure and potential provisions for bad bond investments could pressure future earnings. Investors should weigh the attractive current yield against the risk of reduced payouts if the 2026 plan materializes as guided.
What to Watch
- Q1 2026 earnings report to see if revenue and profit trends align with the cautious guidance.
- Any announcements regarding the overdue bond investments and the size of provisions.
- Updates on maintenance or renovation plans for Harec Building that could impact rental income.
- Dividend policy for 2026, especially whether the company can sustain payouts above 30%.
- Changes in shareholding structure, particularly any moves by Habeco.