TNG, DGW, VIB, VSH Announce Cash Dividends in May 2026

Overview

Several Vietnamese listed companies, including TNG, Digiworld (DGW), VIB, and Vinh Son - Song Hinh Hydropower (VSH), have announced cash dividend payments in May 2026. TNG will pay a 5% cash dividend for the remainder of 2025, while VIB will distribute 9% in cash plus a stock dividend. The announcements signal robust cash flow generation across sectors.

Key Facts

• TNG (HNX) will pay a 5% cash dividend (VND 500/share) for the remainder of 2025, with the record date on May 7, 2026, and payment on May 22, 2026.
• TNG has approximately 128.7 million shares outstanding, implying a total payout of nearly VND 64.4 billion for this tranche.
• TNG’s total 2025 cash dividend is 20%, amounting to about VND 257.4 billion across four tranches.
• Digiworld (DGW, HOSE) will pay a 10% cash dividend (VND 1,000/share) with a record date of May 14, 2026, and payment on May 21, 2026.
• DGW has over 221.3 million shares outstanding, resulting in an estimated payout of more than VND 221.3 billion.
• VIB (HOSE) will pay a 9% cash dividend (VND 900/share) with a record date of May 4, 2026, and payment on June 3, 2026. With 3.04 billion shares outstanding, the cash payout is nearly VND 3,064 billion.
• VIB also plans a 9.5% stock dividend and a 0.24% ESOP issuance, increasing charter capital from VND 34,040 billion to approximately VND 37,354 billion.
• VSH (HOSE) will close the shareholder list on May 14, 2026, for the fourth cash dividend payment of 2025 (details not fully disclosed in the article).

What Happened

According to company announcements, TNG set May 7, 2026, as the record date for the final cash dividend payment for 2025, with a 5% rate (VND 500 per share). This is the fourth tranche, bringing the total 2025 cash dividend to 20%. The company will disburse nearly VND 64.4 billion on May 22.

Digiworld’s shareholders approved a 10% cash dividend at the annual general meeting on April 22, 2026. The record date is May 14, 2026, with payment on May 21. The total payout is estimated at over VND 221.3 billion, with major shareholder Created Future receiving about VND 69.6 billion.

VIB announced a 9% cash dividend (VND 900 per share) for 2025, with the ex-dividend date on April 29 and record date on May 4. The bank will pay nearly VND 3,064 billion on June 3. Additionally, VIB will issue a 9.5% stock dividend and an ESOP, increasing charter capital by about 9.7%.

VSH will close the shareholder list on May 14 for the fourth cash dividend payment of 2025. The article does not specify the dividend rate for this tranche.

Market Context

As of April 10-15, 2026, TNG shares closed at VND 23, down 1.30% on volume of 1.15 million. DGW closed at VND 46, down 1.19% on volume of 1.37 million. VIB closed at VND 17, down 1.14% on volume of 7.09 million. The dividend announcements come amid a generally stable market, with these stocks showing modest declines. The cash payouts provide a tangible yield for shareholders, with TNG’s 5% dividend equating to a yield of approximately 2.2% at the current price, while VIB’s 9% cash dividend yields about 5.3%.

Strategic Significance

The dividend payments reflect strong cash generation and a commitment to shareholder returns. For TNG, the 20% total cash dividend for 2025 underscores its ability to generate free cash flow despite operating in the consumer goods sector. VIB’s balanced approach—combining a 9% cash dividend with a 9.5% stock dividend—allows it to reward shareholders while retaining capital for growth, a common strategy among Vietnamese banks to meet capital adequacy requirements. Digiworld’s 10% payout signals confidence in its technology distribution business. These dividends may attract income-focused investors, particularly in a low-interest-rate environment.

What to Watch

• TNG’s Q1 2026 earnings report to assess cash flow sustainability.
• DGW’s revenue growth trajectory in the technology distribution sector.
• VIB’s capital adequacy ratio post-stock dividend and ESOP issuance.
• VSH’s full-year 2025 dividend rate and hydropower output in 2026.
• Market reaction to ex-dividend dates for each stock.