TVH Announces 39% Cash Dividend of 3,900 VND Per Share for 2025
This Aveluro analysis covers TVH. 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.
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Overview
TVH, a maritime construction consulting firm listed on HNX, announced a cash dividend of 3,900 VND per share (39% rate) for 2025. The record date is June 19, with payment on July 21. This continues the company’s history of high dividend payouts, supported by stable earnings.
Key Facts
- TVH declared a cash dividend of 3,900 VND per share, equivalent to a 39% rate.
- Record date: June 19, 2025; ex-dividend date: June 18, 2025.
- Payment date: July 21, 2025.
- Total payout: approximately 15.6 billion VND, based on 4 million outstanding shares.
- Major shareholder VIMC (49% stake) is expected to receive about 8 billion VND.
- TVH has paid cash dividends above 20% every year since listing in 2019, with recent years at ~40%.
- 2025 revenue: 172 billion VND (+15% YoY); pre-tax profit: 32 billion VND (slightly down from 2024).
What Happened
TVH (Consulting Construction of Maritime Works Joint Stock Company) announced a cash dividend for 2025 at a rate of 39%, or 3,900 VND per share. The record date is June 19, 2025, and the ex-dividend date is June 18. Payment is scheduled for July 21. With 4 million shares outstanding, the company will disburse over 15.6 billion VND. VIMC, the largest shareholder holding 49%, will receive approximately 8 billion VND.
TVH has a long history of high dividends, having paid cash dividends above 20% every year since its listing in 2019. In the last three years, the rate has been around 40% annually. The company’s stable earnings support these payouts: from 2021 onward, annual revenue has exceeded 100 billion VND, with pre-tax profit between 27-33 billion VND. In 2025, revenue reached 172 billion VND (+15% YoY), while pre-tax profit was 32 billion VND, slightly lower than the previous year.
Market Context
TVH shares closed at 97,700 VND on June 9, 2025, up 14.94% from the prior session, though trading volume was minimal (100 shares) due to a concentrated shareholder base. The stock trades on HNX. At the current price, the dividend yield is approximately 4%, which is attractive relative to bank deposit rates but reflects the stock’s low liquidity.
Strategic Significance
TVH’s consistent high-dividend policy signals stable cash flow generation and a shareholder-friendly approach. The company’s niche in maritime construction consulting provides a steady revenue stream, though growth is modest. The dividend yield of ~4% may appeal to income-focused investors, but the thin liquidity and concentrated ownership (VIMC holds 49%) limit trading opportunities. The company’s ability to maintain dividends depends on sustaining earnings, which have shown slight variability.
What to Watch
- Q2 2025 earnings report for signs of revenue and profit trends.
- Any changes in VIMC’s stake or strategic direction.
- Trading volume and liquidity improvements on HNX.
- Future dividend announcements for 2026 and beyond.
- Regulatory or policy changes affecting maritime infrastructure spending.