SDV Announces 2,500 VND Cash Dividend for 2025, 16th Consecutive Year

Overview

Sonadezi Services Joint Stock Company (SDV) has announced a cash dividend of 2,500 VND per share (25%) for fiscal year 2025, continuing its unbroken streak of cash dividends since 2010. The record date is set for August 26, 2026, with payment scheduled for September 30, 2026. This marks the 16th consecutive year of cash distributions, underscoring the company’s commitment to shareholder returns.

Key Facts

• SDV will pay a cash dividend of 2,500 VND per share (25%) for 2025, with the record date on August 26, 2026, and payment on September 30, 2026.
• The company has 10 million listed shares, implying a total cash payout of approximately 25 billion VND.
• SDV has paid cash dividends every year since 2010; the rate was 15% annually from 2010-2019, 20% in 2020-2021, 30% in 2022-2024, and 25% for 2025.
• In 2025, SDV reported revenue of 542 billion VND, up nearly 7% year-on-year, and after-tax profit of over 39 billion VND, up 37%.
• The stock closed at 33,000 VND on August 9, 2026, implying a dividend yield of approximately 7.58%.
• SDV is a member of Sonadezi (SNZ), which along with its subsidiaries holds 40% of SDV’s capital.

What Happened

SDV announced on August 10, 2026, that it will distribute a cash dividend of 2,500 VND per share for the fiscal year 2025, equivalent to a 25% payout ratio. The record date is August 26, 2026, and the payment will be made on September 30, 2026. The company will spend approximately 25 billion VND to fulfill this obligation.

This dividend continues a long-standing tradition: since 2010, SDV has never missed a cash dividend. The payout ratio has varied over the years, rising from 15% in the 2010-2019 period to 20% in 2020-2021, then to 30% in 2022-2024, before settling at 25% for 2025. The company’s operational performance in 2025 was solid, with revenue increasing nearly 7% to 542 billion VND and after-tax profit surging 37% to over 39 billion VND.

Market Context

SDV trades on the UPCOM exchange, closing at 33,000 VND on August 9, 2026. At this price, the announced dividend yields approximately 7.58%, which is attractive in the current low-interest-rate environment. The company operates in the environmental services and industrial park services sector, primarily serving the Sonadezi industrial park complex in Đồng Nai province. Its consistent dividend history and stable cash flows make it a notable income stock on the UPCOM market.

Strategic Significance

SDV’s 16-year streak of cash dividends reflects a disciplined capital allocation policy and a stable business model. As a service provider to industrial parks, the company benefits from the ongoing development of industrial zones in Đồng Nai, a key manufacturing hub in southern Vietnam. The 37% profit growth in 2025 indicates improving operational efficiency and demand for environmental services. For long-term investors, SDV offers a reliable income stream with potential for capital appreciation as industrial activity expands.

What to Watch

• Q1 2026 earnings report to assess whether profit growth momentum continues.
• Any announcements regarding new contracts or expansion of environmental services capacity.
• Changes in dividend policy for 2026, particularly whether the payout ratio will revert to 30% or remain at 25%.
• The progress of Sonadezi’s industrial park developments, which could drive demand for SDV’s services.
• Foreign ownership levels and any changes in UPCOM liquidity that might affect the stock’s valuation.