SHS Cash Dividend 5% and 5% Bonus Shares: HNX Securities Payout

Overview

Saigon-Hanoi Securities (SHS), listed on HNX, has approved a 5% cash dividend for 2025 at VND 500 per share, a total payout of VND 449.73 billion, alongside a planned 5% bonus share issuance. The dual distribution returns cash to shareholders while enlarging the broker’s equity base, a combination that matters for a securities firm whose margin lending capacity is tied to charter capital.

Key Facts

• Cash dividend of 5% of par value, equal to VND 500 per share, for fiscal year 2025.
• Total cash payout: VND 449.73 billion, per Board Resolution No. 57/2026/QĐ-HĐQT dated 29 September 2026.
• Record date for the cash dividend: 9 October 2026; payment date: 16 October 2026.
• Bonus share issuance ratio of 100:5, with an estimated 44,973,111 new shares to be issued from owners’ equity.
• Charter capital targeted to rise from VND 8,994.6 billion to approximately VND 10,064.4 billion.
• FY2025 results: revenue of VND 3,669 billion, pre-tax profit of VND 1,649.4 billion, total assets of VND 23,031 billion and equity of VND 12,602 billion.
• SHS closed at VND 13,000 on 30 September 2026, implying a cash dividend yield of roughly 3.8% on that price.

What Happened

The board of Chứng khoán Sài Gòn – Hà Nội issued Decision No. 57/2026/QĐ-HĐQT on 29 September 2026 to implement the 2026 Annual General Meeting resolution on the 2025 cash dividend. Shareholders on the register as of 9 October 2026 will receive VND 500 per share, with settlement on 16 October 2026. The company said the payout reflects its practice of sharing growth results with shareholders while retaining resources for expansion.

Separately, on 10 September 2026 the board approved a plan to issue bonus shares from owners’ equity at a 100:5 ratio, meaning holders of 100 shares receive five new shares. The issuance of 44,973,111 shares is expected to proceed after the State Securities Commission confirms in writing that it has received the full filing. The company states that the larger capital base will support margin lending, proprietary investment, new product development and technology upgrades.

Market Context

SHS trades on the Hà Nội Stock Exchange (HNX) and closed at VND 13,000 on 30 September 2026. At that price the cash component equates to a yield of about 3.8%, below the headline 5% of par value, a gap typical for Vietnamese securities counters trading above par. The payout follows a strong 2025 in which the broker reported pre-tax profit of VND 1,649.4 billion and equity of VND 12,602 billion, and it sits within a broader sector trend of Vietnamese securities firms combining modest cash dividends with equity-funded share issuance to expand margin lending capacity.

Strategic Significance

The bonus issue is the more consequential element for long-term holders. Vietnamese securities firms compete largely on balance-sheet size, since margin lending and proprietary positions are capped by regulatory capital ratios. Moving charter capital toward VND 10,064.4 billion widens SHS’s headroom to grow margin balances without breaching limits, which is the main earnings lever for a mid-tier broker. The cash dividend, at roughly VND 450 billion, is modest relative to VND 12,602 billion of equity, signalling that management prioritises reinvestment over yield. Investors should read the package as a capital-strength story rather than an income story, with dilution from the bonus shares offset by the proportional share count increase.

What to Watch

• State Securities Commission written confirmation of receipt of the bonus issuance filing, the stated condition for proceeding.
• Final record date and execution timetable for the 100:5 bonus share issuance.
• Q3 2026 earnings release for evidence that margin lending and proprietary books are scaling with capital.
• Growth in margin lending balances and any change to the company’s margin funding limits after the capital increase.
• Sector-wide capital-raising activity among HNX and HOSE securities firms, which affects competitive positioning.