SHS Pays 5% Cash Dividend, Plans 100:5 Bonus Shares

Overview

Saigon-Hanoi Securities (SHS), listed on HNX, has approved a 2025 cash dividend of 5% of par value, equal to VND 500 per share and about VND 449.73 billion in aggregate. The board decision, dated September 29, 2026, sets a record date of October 9, 2026 and payment on October 16, 2026. A previously approved 100:5 bonus share issuance would add roughly 44.97 million shares, making the payout part of a broader capital plan.

Key Facts

• Cash dividend: 5% of par value, or VND 500 per share, total value approximately VND 449.73 billion.
• Record date for the cash dividend: October 9, 2026; payment date: October 16, 2026.
• Board resolution number 57/2026/QD-HDQT issued September 29, 2026, implementing the 2026 AGM resolution.
• Bonus share plan approved September 10, 2026: 100:5 ratio, with an estimated 44,973,111 new shares issued from owners’ equity.
• Charter capital targeted to rise from VND 8,994.6 billion to about 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 13,100 on September 29, 2026, the day the dividend decision was issued.

What Happened

The board of directors of Cong ty Co phan Chung khoan Sai Gon - Ha Noi (SHS) issued Decision No. 57/2026/QD-HDQT on September 29, 2026, formalising the 2025 cash dividend approved at the 2026 annual general meeting. The company will pay VND 500 per share, a 5% payout on par value, for a total of VND 449.73 billion. Shareholders on the register as of October 9, 2026 will receive payment on October 16, 2026.

Separately, on September 10, 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 company expects to issue 44,973,111 shares, with timing dependent on written confirmation from the State Securities Commission that the issuance filing is complete. Combined, shareholders stand to receive a 5% cash dividend and a 5% bonus share allocation. The article attributes the details to the board resolution and the earlier issuance plan, and frames the payout alongside SHS’s stated 2026-2030 ambition to move from a traditional brokerage model to full-service wealth management.

Market Context

SHS trades on the Hanoi Stock Exchange (HNX), where it is one of the larger securities names by equity base. The shares closed at 13,100 on September 29, 2026, the session in which the dividend decision was announced. At that price, the VND 500 cash dividend implies a yield of roughly 3.8% on the pre-announcement close, below the 5% of par value headline figure. The securities sector in Vietnam remains sensitive to brokerage margin lending demand, market liquidity and margin rates, and SHS’s own FY2025 revenue of VND 3,669 billion and pre-tax profit of VND 1,649.4 billion place it among the more profitable listed brokers. The bonus share plan also sits within a wider trend of Vietnamese securities firms raising charter capital to expand margin lending capacity.

Strategic Significance

The dual payout matters less for its immediate cash yield than for what it signals about SHS’s capital trajectory. Raising charter capital from VND 8,994.6 billion toward VND 10,064.4 billion expands the regulatory base for margin lending and proprietary investment, the two engines that drive brokerage earnings in Vietnam. Funding a cash dividend from a year in which pre-tax profit reached VND 1,649.4 billion, while simultaneously issuing bonus shares rather than retaining all earnings, suggests management sees the balance sheet as strong enough to return capital and still support the full-service wealth management pivot. For long-term holders, the key question is whether the enlarged capital base is deployed into higher-return margin lending and product development, or dilutes return on equity without a matching lift in earnings.

What to Watch

• Written confirmation from the State Securities Commission on the bonus share issuance filing, which triggers the 100:5 allocation timetable.
• Actual record-date and payment mechanics for the cash dividend around October 9 and October 16, 2026.
• Q3 2026 earnings, to test whether margin lending and brokerage revenue are scaling with the larger capital base.
• Updates on the 2026-2030 wealth management strategy, including new product launches and technology infrastructure spending.
• Any further capital-raising steps under the 2026 AGM plan beyond the current bonus issue.