SRC Announces 4% Cash Dividend and 30% Bonus Share Issue, Q1 Profit Surges 245%
This Aveluro analysis covers SRC. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 4.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
Sao Vang Rubber (SRC) has announced a combined cash dividend and bonus share issuance, with a record date of June 12, 2026. The company will pay a 4% cash dividend for 2025 and issue bonus shares at a 30% ratio, increasing charter capital by 30%. The announcement comes after SRC reported a 245% year-on-year increase in Q1 2026 net profit, reaching VND 9.41 billion.
Key Facts
- Record date for dividend and bonus share entitlement: June 12, 2026; ex-rights date: June 11, 2026.
- Cash dividend rate: 4% (VND 400 per share), payable from June 23, 2026.
- Bonus share issuance: 8,419,010 shares, ratio 100:30, from the development investment fund.
- Q1 2026 net profit: VND 9.41 billion, up 245% year-on-year.
- Q1 2026 revenue: VND 346 billion, up 33% year-on-year.
- Full-year 2025 net profit: VND 25 billion, down 84% from 2024 due to absence of one-off asset sale income.
- 2026 targets: revenue of VND 2,000 billion and pre-tax profit of VND 100 billion.
What Happened
Sao Vang Rubber (SRC), listed on HOSE, announced a shareholder benefits package including a 4% cash dividend and a 30% bonus share issuance. The record date is June 12, 2026, with the ex-rights date on June 11. The cash dividend will be paid starting June 23, 2026. The bonus shares will be issued from the development investment fund as per the audited 2025 financial statements, increasing charter capital by 30%.
The company’s Q1 2026 financial results showed a strong recovery: revenue rose 33% to VND 346 billion, and net profit surged 245% to VND 9.41 billion, driven by a 19% reduction in administrative expenses. This contrasts with a weak 2025, where net profit fell 84% to VND 25 billion due to the absence of one-time asset sale income.
Market Context
SRC shares closed at VND 53,500 on June 7, 2026, with very low trading volume of 1,600 shares. The stock trades on HOSE in the rubber sector. The dividend yield based on the 4% cash payout is approximately 0.75% at the current price, while the bonus share issuance effectively increases shareholder equity without cash outlay. The Q1 profit surge aligns with the company’s 2026 target of VND 100 billion pre-tax profit, more than triple 2025’s result.
Strategic Significance
The combined dividend and bonus share issuance signals management’s confidence in the company’s turnaround and commitment to rewarding shareholders. The bonus share issuance increases liquidity and capital base without diluting existing shareholders proportionally. The strong Q1 performance suggests that cost controls and operational improvements are gaining traction, supporting the ambitious 2026 profit target. However, the low trading volume indicates limited market attention, which may change as the record date approaches.
What to Watch
- Q2 2026 earnings release to confirm sustained profit growth.
- Execution of the 2026 revenue and profit targets, particularly in the second half.
- Trading volume and price action around the ex-rights date (June 11, 2026).
- Any updates on rubber prices or input costs affecting margins.
- Potential for further capital-raising or M&A activities given the increased charter capital.