SHS Pays 5% Cash Dividend for 2025, Plans 5% Bonus Share Issue

Overview

Saigon-Hanoi Securities (SHS), listed on the HNX, has approved a 5% cash dividend for 2025 at VND500 per share, a total payout of VND449.73 billion, alongside a planned 5% bonus share issuance. The combined distribution returns cash to shareholders while enlarging the broker’s charter capital from VND8,994.6 billion to about VND10,064.4 billion, funding capacity for margin lending, proprietary investment and technology upgrades.

Key Facts

• Cash dividend of 5% of par value, equal to VND500 per share, for fiscal year 2025.
• Total cash dividend value: VND449.73 billion.
• Record date for the cash dividend: 9 October 2026; payment date: 16 October 2026.
• Bonus share issuance ratio of 100:5, meaning 100 shares entitle the holder to 5 new shares.
• Planned bonus issue size: 44,973,111 shares, sourced from owners’ equity.
• Charter capital targeted to rise from VND8,994.6 billion to approximately VND10,064.4 billion.
• FY2025 results cited: revenue of VND3,669 billion, pre-tax profit of VND1,649.4 billion, total assets of VND23,031 billion and equity of VND12,602 billion.

What Happened

On 29 September 2026, acting on the 2026 Annual General Meeting resolution, the Board of Directors of Cong ty Co phan Chung khoan Sai Gon - Ha Noi (SHS) issued Decision No. 57/2026/QD-HDQT approving the 2025 cash dividend. The decision sets the payout at 5% of par value, or VND500 per share, for a total of VND449.73 billion, with the final registration date of 9 October 2026 and settlement on 16 October 2026, according to the company announcement.

Separately, on 10 September 2026 the SHS board approved a plan to issue shares to increase charter capital from owners’ equity at a 100:5 exercise ratio. Under that plan, shareholders holding 100 shares would receive 5 additional shares, with an expected issuance of 44,973,111 shares. The company states the timing depends on the State Securities Commission issuing written confirmation that the full issuance documentation has been received. Together, the two measures give SHS shareholders a 5% cash dividend for 2025 and, subject to regulatory clearance, a 5% bonus share allocation.

Market Context

SHS trades on the HNX, Vietnam’s smaller exchange, where securities stocks have been sensitive to margin-lending demand and daily turnover. The shares closed at 13,000 VND on 30 September 2026, up 0.76% on volume of 2,646,300 shares, a modest move that leaves the stock near the low end of its recent range. The 5% cash dividend implies a yield of roughly 3.8% against that close, above the typical payout for Vietnamese brokerage peers, while the bonus issue adds a separate share-count effect. The announcement lands as the securities sector continues to lean on capital strength to compete for margin balances and proprietary positions.

Strategic Significance

The dual distribution is best read as a capital-management signal rather than a one-off payout. SHS generated VND1,649.4 billion of pre-tax profit in 2025 on VND3,669 billion of revenue, with equity of VND12,602 billion, so the VND449.73 billion cash dividend is comfortably covered. The bonus issue converts part of that equity base into charter capital, which matters for a broker because regulatory limits on margin lending and proprietary trading scale with capital. Moving toward VND10,064.4 billion in charter capital narrows the gap with larger HOSE-listed peers and supports the stated priorities of margin lending, investment, new product development and technology infrastructure. For long-term holders, the key question is whether the enlarged capital base is deployed at returns comparable to the 2025 level, since bonus shares dilute per-share metrics unless earnings grow in step.

What to Watch

• Written confirmation from the State Securities Commission that SHS’s bonus share issuance file is complete, which triggers the implementation timetable.
• The ex-dividend and record dates around 9 October 2026, and confirmation of payment on 16 October 2026.
• Q3 2026 earnings disclosure, to test whether margin lending and proprietary trading are absorbing the new capital.
• Any update on the post-issuance charter capital figure and the final bonus share count.
• Sector-wide margin balance and trading turnover data, which drive brokerage revenue across HNX and HOSE.