NFC and PTG Lead Cash Dividend Payouts at 50% in Week of May 4-8

Overview

In the week of May 4-8, 14 Vietnamese companies will close shareholder lists for cash dividends, with NFC and PTG offering the highest rate at 50% (5,000 VND/share). GEX will distribute stock dividends and bonus shares at a combined 45%, while PDB pays a record 40% cash dividend. These payouts reflect strong corporate earnings and shareholder return policies.

Key Facts

• NFC (Phân lân Ninh Bình) will pay a 50% cash dividend (5,000 VND/share) on May 8, 2025, with payment on May 18, 2026.
• NFC has ~15.7 million shares outstanding, requiring ~79 billion VND for the dividend.
• PTG (May Xuất khẩu Phan Thiết) will also pay a 50% cash dividend (5,000 VND/share) on May 8, 2025, with payment on June 11, 2026.
• PTG has ~5 million shares outstanding, requiring ~25 billion VND, exceeding its initial 20% dividend plan.
• GEX (GELEX Group) will close on May 6, 2025, for a 25% stock dividend and 20% bonus share issuance, totaling 45%.
• GEX will issue ~225.5 million shares for the stock dividend and ~180.4 million bonus shares, increasing charter capital from 9,023 billion VND to 13,084 billion VND.
• PDB (DIN Capital) will pay a 40% cash dividend (4,000 VND/share) on May 5, 2025, with payment on May 20, 2025.
• PDB has ~8.9 million shares outstanding, requiring ~36 billion VND.

What Happened

According to a market summary, 21 companies announced dividend record dates for the week of May 4-8, 2025, with 14 paying cash dividends. NFC and PTG lead with a 50% cash dividend rate, equivalent to 5,000 VND per share. NFC’s dividend is the highest in its history since listing in 2013, while PTG’s payout significantly exceeds its original 20% plan approved earlier in the year.

GEX will distribute stock dividends and bonus shares at a combined 45% rate, consisting of a 25% stock dividend (4 shares receive 1 new share) and a 20% bonus share (5 shares receive 1 new share). This will boost GEX’s charter capital by over 45%. PDB, listed on HNX since 2015, declared a record 40% cash dividend following strong business performance.

Market Context

GEX closed at 40,000 VND on April 15, 2026, down 2.31% with volume of 9.1 million shares. The stock dividend and bonus issuance may dilute near-term earnings per share but signal management confidence. NFC and PTG are less liquid names, but their high cash dividends could attract income-focused investors. PDB’s record payout reflects its improved profitability. The broader market has seen mixed sentiment amid global uncertainties, but dividend announcements often provide support.

Strategic Significance

For NFC and PTG, the record cash dividends underscore strong cash flow generation and a commitment to shareholder returns, potentially enhancing their appeal among dividend yield seekers. GEX’s stock dividend and bonus shares indicate a strategy to reward shareholders while retaining cash for expansion, though dilution is a consideration. PDB’s increased payout suggests a turnaround in its investment business. These actions may signal management’s positive outlook on future earnings.

What to Watch

• Ex-dividend date price adjustments for NFC and PTG around May 8.
• GEX’s share price reaction post-record date on May 6 and the impact of dilution.
• PDB’s Q1 2025 earnings release to confirm the sustainability of its dividend policy.
• Any additional dividend announcements from other companies in the same sectors.
• Market liquidity and foreign investor activity around the record dates.