TNG Announces 4th Cash Dividend for 2025 at 5%, Ex-Date May 7

Overview

TNG Investment and Trading JSC (TNG, HNX) has announced a fourth cash dividend payment for 2025 at a rate of 5%, equivalent to VND 500 per share. The record date is May 7, 2026, with payment expected on May 22, 2026. This brings the total 2025 cash dividend to 20%, or VND 2,000 per share, representing a total payout of approximately VND 257.4 billion. The announcement follows a strong Q1 2026 earnings report, with net profit rising 39.3% year-on-year.

Key Facts

• TNG will pay a 5% cash dividend (VND 500/share) for the fourth installment of 2025.
• Record date: May 7, 2026; payment date: May 22, 2026.
• Total 2025 cash dividend: 20% (VND 2,000/share), totaling ~VND 257.4 billion.
• TNG has ~128.7 million shares outstanding, implying a ~VND 64.4 billion payout for this installment.
• Q1 2026 net revenue reached VND 1,952 billion (+29.2% YoY); net profit was VND 60.3 billion (+39.3% YoY).
• 2026 full-year targets: revenue VND 9,500 billion, net profit VND 450 billion. Q1 2026 achieved 20.5% of revenue and 13.4% of profit targets.
• As of March 31, 2026, total assets were VND 7,496.6 billion (+8.5% YTD), with borrowings of VND 4,271.3 billion (77.7% of total liabilities).

What Happened

TNG Investment and Trading JSC (TNG) announced on April 10, 2026, that its board has approved the fourth cash dividend payment for the fiscal year 2025. Shareholders on record as of May 7, 2026, will receive VND 500 per share (5% of par value), with payment scheduled for May 22, 2026. This is the final installment of the 2025 dividend, following three earlier interim payments of 5% each, bringing the full-year cash dividend to 20%.

The company also released its Q1 2026 financial results, showing net revenue of VND 1,952 billion, up 29.2% year-on-year, and net profit of VND 60.3 billion, up 39.3%. The earnings growth was driven by a 2.6% increase in gross profit and a 23.2 billion gain from financial activities, partially offset by higher financial costs and selling expenses. TNG’s 2026 business plan targets revenue of VND 9,500 billion and net profit of VND 450 billion.

Market Context

TNG shares closed at VND 23,000 on April 10, 2026, down 1.30% on volume of 1.15 million shares. The stock trades on the HNX exchange. The dividend yield based on the current price is approximately 8.7% for the 20% cash dividend, which is attractive relative to the broader market. However, the company’s high leverage (borrowings at 77.7% of total liabilities) and inventory at 24.1% of total assets warrant caution. The Q1 2026 profit growth of 39.3% is positive but represents only 13.4% of the full-year target, leaving a significant gap to achieve the ambitious 2026 plan.

Strategic Significance

TNG’s consistent cash dividend policy (20% for 2025) signals management’s confidence in cash flow generation, even as the company carries substantial debt. The dividend payout of VND 257.4 billion is well covered by Q1 2026 net profit of VND 60.3 billion, but the full-year profit target of VND 450 billion would provide ample coverage. The high debt level (VND 4,271 billion in borrowings) suggests that the company is leveraging up to fund growth, which could amplify returns if revenue and profit targets are met. Investors should monitor the company’s ability to service debt while maintaining dividends.

What to Watch

• Q2 2026 earnings release (expected July 2026) to assess progress toward the VND 450 billion net profit target.
• Changes in borrowing levels and debt-to-equity ratio in subsequent quarters.
• Any further dividend announcements for 2026 or changes in payout policy.
• Inventory turnover and days sales outstanding to gauge working capital efficiency.
• Share price reaction around the ex-dividend date (May 7, 2026).