ROX Key Holdings (TN1) Sets 15% Dividend, Record Date Aug 27

Overview

ROX Key Holdings (TN1) has announced a 15% dividend for fiscal year 2025, comprising a 5% cash dividend and a 10% stock dividend. The record date is set for August 27, 2026, with cash payment expected on September 18, 2026. This move follows a strong first-half 2026 performance, with net profit rising 35.1% year-on-year.

Key Facts

• Record date for the 15% total dividend: August 27, 2026.
• Cash dividend: 5%, or VND 500 per share, with payment on September 18, 2026.
• Stock dividend: 10%, or 10 new shares for every 100 held, issuing over 6 million shares.
• Total cash payout: approximately VND 30 billion based on 60.1 million shares outstanding.
• Stock issuance value at par: over VND 60 billion, funded from retained earnings through 2025.
• Charter capital to increase from VND 601 billion to over VND 661 billion after issuance.
• Q2 2026 net profit: VND 116.9 billion, up 6.8 times year-on-year.
• H1 2026 net profit: VND 126.9 billion, up 35.1% year-on-year.

What Happened

ROX Key Holdings (TN1), listed on the Ho Chi Minh Stock Exchange (HOSE), announced via a board resolution that it will close the shareholder list on August 27, 2026, to implement the 2025 dividend payment. The dividend consists of a 5% cash component and a 10% stock component, totaling 15%. The cash dividend will be paid on September 18, 2026, at VND 500 per share, requiring an estimated VND 30 billion for the approximately 60.1 million shares outstanding.

In addition, the company will issue over 6 million new shares as a stock dividend, with a ratio of 10 new shares for every 100 held. The total issuance value at par is over VND 60 billion, sourced from undistributed after-tax profits accumulated through 2025. If successful, the company’s charter capital will rise from nearly VND 601 billion to over VND 661 billion.

Market Context

TN1 closed at VND 14,500 on August 12, 2026, on HOSE. The stock’s price context suggests a modest valuation, with the dividend yield implied by the 5% cash component at approximately 3.4% based on the current price. The company operates in the real estate sector, which has faced headwinds in Vietnam, but TN1’s recent earnings growth—Q2 net profit up 6.8 times year-on-year—indicates improving fundamentals. The broader Vietnamese market has shown resilience, with selective interest in dividend-paying stocks.

Strategic Significance

The dividend announcement underscores ROX Key Holdings’ commitment to returning capital to shareholders while also strengthening its equity base through the stock dividend. The 10% stock dividend increases liquidity and signals confidence in future earnings. The company’s strong H1 2026 performance, with revenue up 48.2% and net profit up 35.1%, supports the sustainability of such payouts. For long-term investors, this move aligns with a strategy of rewarding shareholders while retaining cash for growth, particularly in the real estate sector where capital intensity is high.

What to Watch

• Completion of the stock dividend issuance and the resulting increase in charter capital, expected by late 2026.
• Q3 2026 earnings release to see if the growth momentum continues.
• Any further dividend announcements for fiscal year 2026, which could signal sustained profitability.
• Changes in foreign ownership limits or investor sentiment toward real estate stocks on HOSE.
• Regulatory approvals or market conditions affecting the real estate sector in Vietnam.