KHD Announces 25% Cash Dividend for Second Installment of 2025

Overview

Hai Duong Mineral Mining and Processing JSC (KHD) announced a 25% cash dividend for the second installment of 2025, with the record date set for May 11, 2026. The company will pay VND 2,500 per share, totaling approximately VND 8 billion. This follows a 5% interim dividend paid earlier in 2025.

Key Facts

• Dividend rate: 25% cash (VND 2,500 per share) for the second installment of 2025.
• Record date: May 11, 2026; ex-right date: May 8, 2026.
• Payment date: May 28, 2026.
• Total payout: approximately VND 8 billion based on 3.2 million outstanding shares.
• Earlier in 2025, KHD paid an interim dividend of 5% (VND 500 per share).
• As of March 31, 2026, KHD had 106 shareholders; 7 major shareholders held 91.9% of voting shares.
• KHD no longer meets public company criteria due to insufficient minority shareholder base.
• Stock price: VND 20,000 per share with near-zero trading volume.

What Happened

CTCP Khai thác, Chế biến khoáng sản Hải Dương (KHD) announced a record date of May 11, 2026 for its second cash dividend installment of 2025. Shareholders will receive VND 2,500 per share, representing a 25% dividend yield on par value. The company expects to disburse about VND 8 billion on May 28, 2026.

On April 2, 2026, KHD disclosed that it no longer qualifies as a public company under regulations, as it fails to meet the requirement that at least 10% of voting shares be held by at least 100 non-major shareholders. As of March 31, 2026, the company had 106 shareholders, with 7 major holders controlling 91.9% of voting shares.

Market Context

KHD trades on the HOSE exchange at VND 20,000 per share, but liquidity is extremely thin due to its concentrated ownership structure. The stock’s near-zero trading volume reflects limited free float and low investor interest. The mining sector in Vietnam has seen mixed performance, but KHD’s unique ownership situation makes it a niche name.

Strategic Significance

The high dividend payout signals strong cash generation from KHD’s mining operations, but the concentrated ownership and near-zero liquidity limit the stock’s appeal to institutional investors. The company’s failure to maintain public company status may lead to delisting or restructuring, which could affect shareholder value. Long-term investors should monitor any changes in ownership structure or regulatory compliance.

What to Watch

• Whether KHD takes steps to regain public company status or faces delisting.
• Any changes in major shareholder positions or potential buyout offers.
• Future dividend policies and payout ratios.
• Trading volume and liquidity improvements.
• Q2 2026 earnings report for operational performance.