TTT Dividend 2026: Tay Ninh Tourism Pays 2,000 VND/Share, 13th Straight Year

Overview

Tay Ninh Tourism - Trade JSC (HNX: TTT) has fixed October 26, 2026 as the record date for its 2025 cash dividend of 2,000 VND per share, equivalent to a 20% payout on par value, with payment scheduled for November 25, 2026. The announcement extends a cash dividend record that the company says has run for roughly 13 consecutive years. At the last traded price of 31,500 VND per share, the payout implies a yield of about 6.35%.

Key Facts

• Dividend rate: 20% of par value, or 2,000 VND per share, for fiscal year 2025.
• Record date (ngày đăng ký cuối cùng): October 26, 2026.
• Payment date: November 25, 2026.
• Implied dividend yield: approximately 6.35% based on the 31,500 VND close on September 27, 2026.
• TTT has paid cash dividends for about 13 consecutive years; the rate was 30% (3,000 VND per share) in 2018-2019 before being cut to 20% from 2020 onward.
• FY2025 results: revenue of 157 billion VND and after-tax profit of 43 billion VND.
• First half of 2026: net revenue of 95 billion VND and after-tax profit of 31 billion VND, roughly flat year on year.

What Happened

According to the company’s announcement, shareholders on the register as of October 26, 2026 will receive 2,000 VND in cash for each TTT share held, with the money expected to be credited on November 25, 2026. The 20% rate matches the level TTT has maintained since 2020, after paying 30% in 2018 and 2019. The article notes that the company has distributed cash to shareholders without interruption for about 13 years, at rates it describes as relatively high against par value.

The filing does not disclose the total cash amount to be distributed or the number of shares outstanding, so the aggregate payout cannot be calculated from the source. The announcement also does not indicate whether the dividend will be paid from 2025 profits, retained earnings, or a combination of the two.

Market Context

TTT trades on the HNX and closed at 31,500 VND per share on September 27, 2026. The article describes liquidity as thin, with many consecutive sessions recording no transactions at all. That profile is typical of small-cap HNX travel and retail names, where the shareholder base is concentrated and the stock trades more on dividend income than on daily volume. For income-oriented investors, the roughly 6.35% yield stands out against the broader Vietnamese market, where many listed companies pay no cash dividend or rely on stock dividends instead.

Strategic Significance

The investment case here rests on cash return rather than growth. TTT’s first-half 2026 revenue and profit were flat year on year, and the dividend has been held at 20% for six years, so the payout is best read as a stable distribution from a mature tourism and trading business rather than a signal of accelerating earnings. The relevant question for long-term holders is whether the company can keep funding 2,000 VND per share from operating cash flow as it did through the 2020-2025 period, when the rate was cut from 30% but never suspended. A 13-year record through the pandemic years is the main evidence supporting that thesis.

What to Watch

• The ex-dividend date and any adjustment in TTT’s reference price around the October 26, 2026 record date.
• Full-year 2026 revenue and after-tax profit, to test whether the flat first-half trend persists.
• The company’s 2026 dividend proposal, expected alongside annual general meeting materials, to confirm the 20% rate is maintained.
• Cash flow from operations in the next audited financial statements, as the source of dividend funding.
• Any change in share count or foreign-ownership limits disclosed in subsequent filings.