Petrolimex Petroleum Equipment (PEQ) Announces 20% Cash Dividend for 2025

Overview

Petrolimex Petroleum Equipment JSC (PEQ) announced a 20% cash dividend for 2025, equivalent to VND 2,000 per share. The record date is May 11, 2026, with payment scheduled for May 28, 2026. The dividend yield stands at approximately 4.2% based on the current market price.

Key Facts

• Dividend rate: 20% in cash (VND 2,000 per share) for fiscal year 2025.
• Record date: May 11, 2026; ex-dividend date: May 8, 2026.
• Payment date: May 28, 2026.
• Total payout: approximately VND 9.9 billion based on 4.9 million outstanding shares.
• Current share price: VND 47,100, implying a dividend yield of 4.2%.
• PEQ has paid consecutive cash dividends for 14 years; the highest was 33.4% in 2019.
• 2026 business plan: revenue of VND 1,014 billion (-18% YoY), pre-tax profit of VND 23 billion (-8% YoY), minimum dividend target of 15%.

What Happened

Petrolimex Petroleum Equipment JSC (PEQ), listed on UPCOM, announced a 20% cash dividend for 2025. Shareholders on record as of May 11, 2026 will receive VND 2,000 per share, with payment on May 28, 2026. The company has maintained a consistent dividend policy, paying cash dividends annually for 14 consecutive years. The highest payout was 33.4% in 2019 following record net profit of VND 29 billion in 2018. In recent years (2023-2025), net profit has ranged between VND 15-20 billion annually, with dividend payout ratios of 20-25%.

Market Context

PEQ shares are trading on UPCOM at around VND 47,100, giving a dividend yield of 4.2%. The company’s 2026 business plan projects a decline in both revenue (-18%) and pre-tax profit (-8%), with a minimum dividend target of 15%. PEQ’s parent company, Petrolimex Construction and Trading Corporation, holds 50.48% of the charter capital and is expected to receive over VND 5 billion in dividends.

Strategic Significance

The dividend announcement underscores PEQ’s commitment to shareholder returns despite a challenging operating environment. The 20% payout is in line with recent years, but the 2026 guidance suggests potential pressure on earnings. The company’s ability to maintain dividends will depend on execution of its business plan amid lower revenue and profit targets. The consistent dividend history may appeal to income-focused investors, but the declining earnings trend warrants monitoring.

What to Watch

• PEQ’s Q1 2026 earnings release to assess revenue and profit trends.
• Execution of the 2026 business plan, particularly revenue and profit targets.
• Any changes in dividend policy or payout ratio in future periods.
• Share price reaction around the ex-dividend date (May 8, 2026).
• Updates on the parent company’s strategic direction for PEQ.