IST Announces 29.5% Cash Dividend, Ex-Date Sept 10
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 - Doanh nghiệp, 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) has announced a cash dividend of 29.5% for the fiscal year 2025, equivalent to VND 2,950 per share. The ex-dividend date is set for September 10, with payment expected on September 22. This payout, totaling nearly VND 44.3 billion, represents the company’s highest dividend in five years.
Key Facts
- Dividend rate: 29.5% in cash, or VND 2,950 per share.
- Ex-dividend date: September 10, 2026; record date: September 11, 2026.
- Payment date: September 22, 2026.
- Total payout: nearly VND 44.3 billion based on over 15 million outstanding shares.
- Parent company Tân Cảng Sài Gòn (holding 51%) will receive approximately VND 22.6 billion.
- This is the highest dividend in the last five years; previous high was 34% in 2020 (paid in two installments).
- For 2026, IST plans a minimum dividend of 25%.
What Happened
IST, listed on the UPCOM exchange, announced on September 6 that it will close the shareholder list on September 11 to pay a cash dividend for 2025. The dividend rate is 29.5%, or VND 2,950 per share, with the ex-date on September 10 and payment scheduled for September 22. The company will disburse nearly VND 44.3 billion, of which its parent, Tân Cảng Sài Gòn, will receive about VND 22.6 billion.
The company’s first-half 2026 results remained stable. Net revenue reached over VND 265 billion, up 3.9% year-on-year. Gross profit rose 8% to VND 80.6 billion, with gross margin improving from 29.2% to 30.4%. Although administrative expenses increased 31% to VND 25.7 billion, financial costs fell sharply from VND 795 million to VND 469 million. Net profit after tax was VND 44.14 billion, nearly flat year-on-year, with basic EPS of VND 2,367.
Market Context
IST shares closed at VND 33,500 on September 6, 2026, on the UPCOM exchange. The stock has been trading in a range that reflects the company’s stable but modest growth profile. The logistics sector in Vietnam has seen steady demand, but competition and cost pressures remain. The dividend yield at the current price is approximately 8.8%, which is attractive relative to the broader market.
Strategic Significance
The high dividend payout signals management’s confidence in cash flow generation and commitment to shareholder returns. The parent company’s significant stake means a large portion of the payout stays within the Tân Cảng Sài Gòn group, potentially supporting group-level investments. The planned minimum dividend of 25% for 2026 suggests a sustainable payout policy, which could attract income-focused investors. However, the flat profit growth indicates limited expansion, so the dividend may be a key driver of total returns.
What to Watch
- IST’s third-quarter 2026 earnings release to see if revenue and profit trends continue.
- Any announcements regarding new logistics contracts or capacity expansions.
- Changes in the parent company’s stake or strategic direction.
- The actual dividend payment on September 22 to confirm execution.
- Market reaction to the ex-dividend date, which may affect the stock price.