PIACOM (PIA) Sets October 8 Record Date for 15% Cash Dividend

Overview

PIACOM (ticker PIA), the Petrolimex-affiliated information technology and automation provider, has announced October 8 as the record date for its 2025 cash dividend of 15%, equal to 1,500 VND per share. With 3.9 million shares outstanding, the payout is estimated at roughly VND 6 billion. The announcement keeps PIA on a decade-long streak of annual cash dividends, although the 2025 rate is lower than the 18% paid for 2024 and the 20% paid in each of 2020 through 2023.

Key Facts

• Record date for the 2025 cash dividend: October 8.
• Dividend rate: 15% of par value, or 1,500 VND per share.
• Shares outstanding: 3.9 million, implying an estimated total payout of about VND 6 billion.
• Parent company PGCC (Petrolimex Construction and Trading One Member LLC) holds nearly 2 million shares, or 50% of charter capital, and would receive close to VND 3 billion.
• Foreign individual investor Dennis Peter Eric holds nearly 6% of capital and would receive more than VND 332 million.
• Cong ty co phan Toi va Chung ta recently bought more than 447,000 PIA shares, lifting its stake to 11.46% from zero, and would receive about VND 670 million.
• Board member Hoang Hai Duong sold his entire stake of nearly 391,000 shares, cutting his holding from 10% to 0%.
• Historical dividend rates: 44.59% for 2017, 18% cash plus a 30% stock issuance for 2018, 34.6% for 2019, 20% for 2020-2023, and 18% for 2024.

What Happened

PIACOM, formally Cong ty Co phan Tin hoc Vien thong Petrolimex, issued the record-date notice for its 2025 cash dividend, according to the company announcement. The October 8 record date means shareholders on the register at that date will receive 1,500 VND per share, with settlement expected in the following weeks. The company has not disclosed the exact payment date in the available notice.

The dividend follows a period of notable shareholder-register changes. Cong ty co phan Toi va Chung ta acquired more than 447,000 shares, raising its ownership to 11.46%, while board member Hoang Hai Duong exited his near-391,000-share position, reducing his stake from 10% to zero. Parent PGCC remains the controlling shareholder at 50%, and foreign individual Dennis Peter Eric holds close to 6%. The filing does not disclose the transaction values of those stake changes.

Market Context

PIA closed at 27,100 VND on September 17, 2026. The company is listed on the Hanoi Stock Exchange (HNX) and operates in the technology sector, providing software and automation solutions for Vietnam’s petroleum retail and logistics industry, including the EGAS and AGAS fuel-station management platforms, ERP systems, and tank-farm automation. The 15% cash dividend implies a payout of 1,500 VND per share against the recent close, a modest yield relative to the sector but consistent with the company’s policy of returning cash annually. The announcement comes amid a broader September 2026 dividend season on Vietnamese exchanges, with peers such as The Gioi Di Dong (MWG) also finalizing cash distributions.

Strategic Significance

For long-term investors, PIA’s value case rests less on growth and more on the stability of its cash returns and its entrenched position inside the Petrolimex ecosystem. As a Petrolimex member, PIACOM supplies mission-critical software and automation to Vietnam’s largest fuel distributor, a relationship that provides recurring revenue and high switching costs. The step-down in the dividend rate from 20% in 2020-2023 to 18% for 2024 and 15% for 2025 suggests either moderating earnings or a decision to retain more capital, a shift worth monitoring given the company’s small equity base and limited liquidity. The entry of a new 11.46% shareholder alongside the exit of a board member also signals a changing ownership structure that could influence future capital-allocation decisions.

What to Watch

• The official dividend payment date and any accompanying 2026 business plan disclosure.
• PIA’s 2025 audited financial statements for net profit, payout ratio, and cash position.
• Further shareholding disclosures from Cong ty co phan Toi va Chung ta or other large holders.
• HNX trading liquidity and any change in the free float following the recent ownership shifts.
• Any Petrolimex group-level IT investment or restructuring that could affect PIACOM’s contract pipeline.