ND2 to Pay Record 35% Cash Dividend for 2025, Yield 9.5%
This Aveluro analysis covers ND2 on UPCOM in the Utilities sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 4.8/10. 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.
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
Nedi 2 (ND2) will pay a record cash dividend of 3,500 VND per share (35%) for fiscal year 2025, with the record date set for August 20, 2026. The total payout is approximately 175 billion VND, funded by strong 2025 earnings. This marks the highest dividend in the company’s history and offers a yield of about 9.5% at the current share price.
Key Facts
- Record date for the 2025 cash dividend: August 20, 2026; payment expected on September 23, 2026.
- Dividend rate: 35% (3,500 VND per share), the highest ever for ND2.
- Total payout: approximately 175 billion VND, based on nearly 50 million shares outstanding.
- 2025 revenue: 409 billion VND, up 12% year-on-year.
- 2025 net profit: 215 billion VND, up 25.7% year-on-year, close to the record high set in 2022.
- Retained earnings at end-2025: 414 billion VND; share premium: over 14 billion VND.
- ND2 closed at 36,800 VND on August 12, 2026, implying a dividend yield of 9.5%.
What Happened
On August 20, 2026, CTCP Đầu tư và Phát triển Điện miền Bắc 2 (Nedi 2, ticker ND2) will finalize the shareholder list for its 2025 cash dividend. The company will pay 3,500 VND per share, equivalent to a 35% dividend rate, with payment scheduled for September 23, 2026. This is the highest dividend payout in the company’s history, surpassing the previous range of 10% to 30% maintained over the past decade.
The dividend follows a strong 2025 performance: revenue reached 409 billion VND (+12% year-on-year) and net profit after tax hit 215 billion VND (+25.7%), approaching the record profit level achieved in 2022. At the end of 2025, ND2 had 414 billion VND in retained earnings and over 14 billion VND in share premium, providing ample capacity for the payout.
Market Context
ND2 trades on the UPCOM exchange. The stock closed at 36,800 VND on August 12, 2026, giving a dividend yield of approximately 9.5% for the upcoming payout. This yield is attractive in the current Vietnamese market, where average dividend yields for utilities are typically lower. The company’s consistent cash dividend history over the past decade—ranging from 10% to 30%—reinforces its profile as a stable income-generating stock within the energy sector.
Strategic Significance
For long-term investors, ND2’s record dividend signals strong cash generation and a shareholder-friendly capital allocation policy. The company’s ability to increase dividends while maintaining a healthy retained earnings balance (414 billion VND) suggests it can sustain or grow payouts in the future. The energy sector in Vietnam is benefiting from rising electricity demand, and ND2’s stable operational performance positions it well to continue delivering value. The high dividend yield, combined with a low payout ratio relative to earnings, may attract income-focused investors and support the stock’s valuation.
What to Watch
- Confirmation of the dividend payment on September 23, 2026, and any changes to the schedule.
- Q1 2026 earnings release to assess whether profit growth continues and supports future dividends.
- Any announcements regarding new power projects or capacity expansion that could impact long-term earnings.
- Movements in ND2’s share price around the record date, which may reflect dividend capture activity.
- Regulatory or policy changes affecting the energy sector, such as tariff adjustments or renewable energy incentives.