Duc Giang (MGG) Declares 15% Cash Dividend, 1,500 VND Per Share

Overview

Duc Giang Corporation (ticker MGG, traded on UPCOM) has announced a 2025 cash dividend of 15%, equal to 1,500 VND per share, according to a company notice reported by Nhip Song Thi Truong. The ex-dividend date is October 12, 2026, with the record date on October 13 and payment scheduled for October 20. The announcement keeps Vietnam’s garment sector in focus for income-oriented investors, as MGG is a long-standing cash dividend payer in the textile and apparel industry.

Key Facts

• Dividend rate: 15% in cash, or 1,500 VND per share.
• Ex-dividend date: October 12, 2026; record date: October 13, 2026.
• Payment date: expected October 20, 2026.
• Shares outstanding: nearly 9 million, implying a total payout of about VND 13.5 billion.
• Historical payout range: 15% to 35% in cash annually.
• The company paid 15% cash dividends in both 2024 and 2025.
• Duc Giang was established in 1989 and supplies uniforms and labor-protection apparel to Vietnamese enterprises.

What Happened

Duc Giang Corporation - Joint Stock Company (Tổng Công ty Đức Giang - CTCP, ticker MGG) issued a notice setting the ex-dividend date for its 2025 cash dividend at October 12, 2026, with the final registration date on October 13, 2026. The payout ratio is 15% in cash, meaning shareholders receive 1,500 VND for each share held. The company expects the money to reach shareholders on October 20, 2026.

With nearly 9 million shares in circulation, MGG will disburse approximately VND 13.5 billion to complete the payment. The article notes that May Đức Giang has a tradition of paying cash dividends every year, with rates ranging from 15% to 35%. Between 2018 and 2020 the company paid high cash dividends for three consecutive years, though the trend of high payout ratios has moderated; most recently, MGG paid 15% cash dividends in both 2024 and 2025.

Market Context

MGG closed at 24,500 VND on September 29, 2026, on the UPCOM exchange. At that price, the 1,500 VND per share dividend represents a yield of roughly 6.1% on the pre-announcement close, a meaningful income return for a small-cap textile name. Duc Giang operates in Vietnam’s garment and textile sector, a segment sensitive to export demand, input costs and labor conditions. The company’s consistent cash dividend policy stands out among UPCOM-listed peers, where disclosure and payout discipline can vary widely.

Strategic Significance

For long-term investors, MGG’s dividend record is the core of the investment case: a small, established uniform and labor-protection supplier that returns cash to shareholders annually rather than retaining all earnings. The 15% rate matches the prior two years, signaling stable, if not growing, distributable profit. The company’s niche in domestic uniform and occupational-safety apparel provides a steadier demand base than pure export-oriented garment makers, though the modest share count and UPCOM listing mean liquidity is limited. The key question is whether the payout can be sustained if textile sector margins come under pressure.

What to Watch

• Confirmation of the October 20, 2026 payment and any update on the record date.
• MGG’s 2026 annual general meeting materials and any guidance on 2026 dividend policy.
• Interim financial statements showing cash flow coverage of the VND 13.5 billion payout.
• Textile export order trends and input-cost commentary affecting garment-sector margins.
• Any change in the payout ratio versus the historical 15%-35% range.