IST Pays Record 29.5% Cash Dividend in September, Yield 8.8%
This Aveluro analysis covers IST 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
ICD Tân Cảng Sóng Thần (IST, UPCOM) announced a cash dividend for 2025 at 29.5% (2,950 VND/share), payable in September. The payout exceeds the 24.84% plan approved by shareholders and is the highest in five years, driven by record 2025 profit. The stock trades on UPCOM with a market cap of about 500 billion VND.
Key Facts
- Dividend rate: 29.5% cash, equivalent to 2,950 VND per share.
- Record date: September 11, 2026; ex-right date: September 10, 2026; payment date: September 22, 2026.
- Total payout: approximately 44.3 billion VND based on over 15 million shares outstanding.
- 2025 net profit: 82.5 billion VND, up nearly 19% year-on-year, a record high.
- 2025 revenue: 512.3 billion VND, up 12.5% year-on-year.
- EPS for 2025: 4,475 VND.
- Parent company Tổng Công ty Tân Cảng Sài Gòn holds 51%, expecting about 22.6 billion VND in dividends.
What Happened
IST announced it will close the shareholder list for the 2025 cash dividend on September 11, with the ex-right date set for September 10 and payment on September 22. The dividend rate of 29.5% is higher than the 24.84% approved at the annual general meeting, reflecting stronger-than-expected 2025 results. This is the highest payout since 2020, when the company paid a total of 34% in two installments.
The company’s record profit in 2025, with net profit reaching 82.5 billion VND, underpins the payout. Revenue grew 12.5% to 512.3 billion VND. In the first half of 2026, IST reported revenue of about 265 billion VND and net profit of 44 billion VND, roughly half of the full-year 2025 figures, indicating a slowdown but still solid performance.
Market Context
IST shares closed at 33,500 VND on September 6, 2026, on the UPCOM exchange. At this price, the dividend yield is approximately 8.8%, which is attractive compared to the broader market. The stock is part of the logistics ecosystem of Tổng Công ty Tân Cảng Sài Gòn, a major state-owned port operator. Despite its small size and UPCOM listing, IST benefits from its strategic location in Bình Dương, near key industrial and export zones in southern Vietnam.
Strategic Significance
The dividend hike signals management’s confidence in sustained profitability and cash flow generation. IST’s core business—operating container depots, warehouses, and logistics services—is tied to Vietnam’s export growth and the development of integrated logistics in the southern economic hub. The company’s ability to pay a record dividend while maintaining investment capacity suggests a mature, cash-generative business model. For long-term investors, the high dividend yield and the parent company’s majority stake provide a degree of stability, though liquidity remains limited due to the UPCOM listing.
What to Watch
- IST’s Q3 2026 earnings report to see if profit momentum continues or decelerates further.
- Any announcements regarding the 2026 dividend policy, with a minimum target of 25% already set.
- Developments in the logistics sector in southern Vietnam, including new infrastructure projects that could affect IST’s operations.
- Changes in foreign ownership limits or potential listing upgrades that could improve liquidity.
- The parent company’s strategic plans for IST, including possible asset injections or divestments.