MSR Pays 20% Cash Dividend, TCB Issues 50% Stock Dividend: October 2026 Ex-Dates

Overview

Masan High-Tech Materials (ticker MSR, UPCOM) will pay a 20% cash dividend advance with an ex-date of October 30, 2026, while Techcombank (ticker TCB, HOSE) will issue a 50% stock dividend with an ex-date of October 29, 2026. The two events sit in a week in which roughly 19 Vietnamese listed companies close dividend rights, spanning banking and materials.

Key Facts

• MSR cash dividend advance: 20% ratio, or VND 2,000 per share, with record date November 2 and ex-date October 30, 2026.
• MSR has more than 1.1 billion shares outstanding; the advance is estimated at approximately VND 2,210B, payable from November 6.
• MSR’s 2026 total dividend is planned at 60% (VND 6,000 per share, about VND 6,600B), combining a 10% first tranche and a 50% second tranche approved at an extraordinary general meeting.
• TCB stock dividend: 50% ratio (100 shares yield 50 new shares), via issuance of 3,543,120,207 shares with face value above VND 35,431B.
• TCB record date is October 30, 2026, with ex-date October 29, 2026; funding comes from undistributed accumulated profit on the audited 2025 financial statements.
• TCB currently has 7,086,240,414 shares outstanding and no treasury shares; post-issuance share count rises to more than 10.629 billion and charter capital to about VND 106,293.6B.
• Fractional shares arising from the TCB issuance will be cancelled and not issued.

What Happened

Masan High-Tech Materials announced that November 2, 2026 will be the final registration date to close the shareholder list for the first advance of its 2026 second dividend tranche, paid in cash at a 20% ratio. The ex-dividend trading date is October 30. With more than 1.1 billion shares outstanding, the company estimates a cash outlay of roughly VND 2,210B, with payment scheduled for November 6. The company’s extraordinary general meeting had previously approved a 50% cash advance for the 2026 second tranche (VND 5,000 per share, about VND 5,500B); combined with the 10% first tranche (VND 1,000 per share), total 2026 dividends reach 60%, or VND 6,000 per share, worth about VND 6,600B.

Techcombank announced a final registration date of October 30, 2026 to allocate rights, corresponding to an ex-dividend date of October 29, 2026. Under the plan, the bank will issue 3,543,120,207 ordinary shares with total face value above VND 35,431B at a 50% exercise ratio, funded from undistributed accumulated profit on the audited 2025 financial statements. The bank currently has 7,086,240,414 shares outstanding and no treasury shares; after the issuance, shares will exceed 10.629 billion and charter capital will reach approximately VND 106,293.6B. Both disclosures were made through company announcements.

Market Context

MSR closed at VND 63,600 on October 24, 2026 on UPCOM, the unlisted public company market, where liquidity is thinner than on the main boards and price discovery can lag corporate actions. TCB closed at VND 34,200 on HOSE. The 50% stock dividend mechanically divides TCB’s share price by roughly 1.5 on the ex-date, a routine adjustment rather than a change in underlying value. The week’s calendar, with about 19 companies closing dividend rights and 10 paying cash at ratios between roughly 3.5% and 20%, reflects a broader seasonal pattern of Vietnamese firms converting 2025 and 2026 profits into shareholder returns.

Strategic Significance

For MSR, a 60% total 2026 payout is unusually generous for a basic-resources company and signals that cash generation at the tungsten and advanced materials unit is being returned rather than retained, which matters for investors assessing capital allocation under the Masan group umbrella. For TCB, the 50% stock dividend is primarily a capital-strengthening move: it lifts charter capital past VND 106,000B, supporting lending headroom and regulatory capital ratios without diluting economic ownership in cash terms. The key distinction for investors is that MSR’s event is a cash distribution with a real yield implication, while TCB’s is a share-count adjustment whose value depends on future earnings growth on the enlarged base.

What to Watch

• MSR payment execution on November 6, 2026, and whether the remaining 50% second-tranche advance is paid on the approved schedule.
• TCB’s post-issuance listing of the 3.54 billion new shares and the resulting adjusted price reference on HOSE.
• TCB third-quarter 2026 results and any update to its capital adequacy and credit-growth plans on the enlarged charter capital.
• MSR disclosure on the funding source for the VND 6,600B total 2026 dividend and any balance-sheet impact.
• Further corporate-action filings from the roughly 19 companies closing rights during the October 26-30 week.