Sonadezi Long Binh (SZB) Announces Record 45% Cash Dividend for 2025
This Aveluro analysis covers SZB on HNX in the Real Estate sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Thị trường chứng khoán, 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.
Overview
Sonadezi Long Binh (SZB), an industrial real estate firm listed on HNX, has announced a record cash dividend of 45% (4,500 VND/share) for 2025. The company will disburse approximately 135 billion VND to shareholders, with the record date set for July 28, 2026. This payout is the highest since SZB’s listing and underscores its consistent high-dividend policy.
Key Facts
- SZB will pay a cash dividend of 45% (4,500 VND/share) for 2025.
- Record date: July 28, 2026; ex-dividend date: July 27, 2026.
- Payment date: August 28, 2026.
- Total payout: approximately 135 billion VND, based on 30 million outstanding shares.
- This is the highest cash dividend since SZB’s listing on HNX in 2019.
- For 2024, SZB paid a total cash dividend of 40% in two installments.
- SZB’s 2026 business targets: revenue of 504 billion VND (-7% YoY), net profit of 153.75 billion VND (-24% YoY), and a planned dividend of 35%.
- In Q1 2026, SZB reported revenue of ~130 billion VND (+29% YoY) and net profit of 42 billion VND (+26% YoY), completing 25.8% of revenue and 27% of profit targets.
What Happened
Sonadezi Long Binh (SZB) announced a record cash dividend of 45% (4,500 VND/share) for fiscal year 2025, with the record date on July 28, 2026. The company will pay approximately 135 billion VND to shareholders on August 28, 2026. This dividend was approved at the 2026 Annual General Meeting of Shareholders.
SZB, formerly the Sonadezi Industrial Park Service Enterprise, was established in 1997 and listed on HNX in 2019. The company operates in industrial real estate, residential development, office and factory leasing, and clean water supply. It has maintained a high cash dividend policy since listing.
Market Context
SZB shares closed at 44,000 VND on July 14, 2026, implying a dividend yield of approximately 10.2% based on the announced 4,500 VND/share dividend. The company’s 2026 business plan targets lower revenue and profit compared to 2025, but Q1 2026 results showed strong growth, with revenue up 29% and net profit up 26% year-on-year. SZB trades on HNX, the Hanoi Stock Exchange.
Strategic Significance
The record dividend underscores SZB’s commitment to returning capital to shareholders, supported by its cash-generative industrial real estate operations. However, the 2026 guidance of lower profit and a reduced dividend (35%) suggests management expects a normalization after a strong 2025. The high dividend for 2025 may reflect a one-time distribution of retained earnings or strong prior-year performance. Investors should assess whether the dividend policy is sustainable given the projected earnings decline.
What to Watch
- SZB’s Q2 2026 earnings release to gauge whether the strong Q1 momentum continues.
- The company’s ability to achieve its 2026 revenue and profit targets amid a potential slowdown.
- Any updates on industrial park occupancy rates and leasing demand in the Bien Hoa region.
- Future dividend announcements for 2026 and beyond, particularly the planned 35% payout.
- Changes in foreign ownership limits or shareholder structure that could affect dividend policy.