LPB leads 50-company dividend wave with record 30% cash payout in May 2025
This Aveluro analysis covers LPB (Lộc Phát Việt Nam) in the Banking 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.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
Fifty Vietnamese listed companies have announced dividend record dates for the week of May 11-15, 2025, with LPBank (LPB) leading the pack with a record 30% cash dividend. Other notable names include Hoa Phat Group (HPG), Saigon VRG Investment (SIP), and Hau Giang Pharmaceutical (DHG). The wave underscores strong corporate profitability and cash distribution policies across banking, steel, real estate, and pharma sectors.
Key Facts
- LPBank (LPB) will pay a 30% cash dividend (VND 3,000 per share), costing approximately VND 8,962 billion.
- LPB has nearly 2.987 billion shares outstanding; record date is May 15, 2025, ex-date May 14, payment on May 25.
- Hoa Phat (HPG) pays a 5% cash dividend (VND 500 per share), its first cash dividend in four years, costing ~VND 3,800 billion.
- HPG also plans a 10% stock dividend for 2025, issuing 767.5 million new shares.
- Saigon VRG (SIP) pays a 40% cash dividend (VND 4,000 per share) for the second installment of 2025, total 2025 cash dividend reaching 50%.
- Hau Giang Pharmaceutical (DHG) pays a 50% cash dividend (VND 5,000 per share) for the first installment of 2025, costing ~VND 653 billion.
- DHG’s largest shareholders, Taisho Pharmaceutical (51%) and SCIC (43%), will receive ~VND 333 billion and VND 280 billion, respectively.
What Happened
According to a market summary, 50 companies announced dividend record dates for the week of May 11-15, 2025. Of these, 46 are paying cash dividends, with rates ranging from 1% to 50%. The most prominent names include LPBank, Hoa Phat, Digiworld, and Hau Giang Pharmaceutical.
LPBank (LPB) will close its shareholder list on May 15 for a 30% cash dividend, equivalent to VND 3,000 per share. This is the highest cash dividend in LPB’s history and one of the highest in the banking sector. The bank will disburse nearly VND 9,000 billion from its distributable profit of VND 9,409 billion as of end-2025. Hoa Phat (HPG) will pay a 5% cash dividend (VND 500 per share) for the first time since early 2021, alongside a 10% stock dividend. Saigon VRG (SIP) will pay a 40% cash dividend for the second installment, bringing its total 2025 cash dividend to 50%. Hau Giang Pharmaceutical (DHG) will pay a 50% cash dividend for the first installment of 2025.
Market Context
LPB shares closed at VND 48,000 on April 15, 2026, down 0.52% on low volume of 918,600 shares on HOSE. The stock has been under pressure amid broader banking sector weakness, but the record dividend may attract income-focused investors. HPG closed at VND 28,000, down 1.75% on heavy volume of 27.5 million shares, reflecting ongoing steel sector headwinds. DHG closed at VND 100,000, up 0.10% on thin volume, showing stability in the pharmaceutical sector. The dividend announcements come as the VN-Index trades near recent lows, with cash dividends providing a tangible return to shareholders.
Strategic Significance
LPB’s record dividend signals strong capital adequacy and profitability, positioning it as a top dividend payer among Vietnamese banks. The payout ratio of 30% is aggressive but supported by high retained earnings. For HPG, the resumption of cash dividends after four years indicates improved cash flow and a commitment to shareholder returns, even as the steel cycle remains uncertain. SIP’s 50% total cash dividend reflects robust real estate operations, while DHG’s consistent high payout underscores its stable pharmaceutical business and foreign ownership by Taisho. These dividends collectively highlight a trend of Vietnamese companies rewarding shareholders amid a challenging market environment.
What to Watch
- LPB’s Q1 2026 earnings report to assess sustainability of high dividend payout.
- HPG’s steel sales volumes and margins in Q2 2026, which will determine future dividend capacity.
- SIP’s land bank monetization and project pipeline for 2026-2027.
- DHG’s revenue growth and potential impact of regulatory changes on pharmaceutical pricing.
- Market reaction to ex-dividend dates and potential foreign investor flows into LPB and DHG.