VPBank (VPB) Announces 5% Cash Dividend for 2025, Payout Nearly VND 4,000 Billion

Overview

VPBank (VPB) has announced a 5% cash dividend for the 2025 fiscal year, with the record date set for May 18, 2026 and payment on May 25, 2026. The total payout is estimated at nearly VND 4,000 billion, making VPBank the third bank to declare a cash dividend in May 2026, following LPBank and Techcombank. The dividend is accompanied by a planned stock bonus issuance of 26.04% to increase charter capital.

Key Facts

• VPBank (VPB) will pay a 5% cash dividend, equivalent to VND 500 per share.
• Record date: May 18, 2026; ex-dividend date: May 15, 2026; payment date: May 25, 2026.
• Total payout: approximately VND 3,996 billion (based on nearly 8 billion outstanding shares).
• VPBank is the third bank to announce a cash dividend in May 2026, after LPBank (30% cash dividend, ~VND 8,962 billion) and Techcombank (7% cash dividend, ~VND 4,960 billion).
• Shareholders also approved a 26.04% stock bonus issuance from equity, adding over 2 billion shares.
• Post-stock bonus, VPBank’s charter capital is expected to rise from VND 79,339 billion to approximately VND 100,000 billion.
• VPB closed at VND 27,850 on May 12, 2026, up 0.18% with volume of 14.6 million shares.

What Happened

VPBank announced on May 12, 2026 that the board has set May 18, 2026 as the record date for the 2025 cash dividend. The dividend rate of 5% was approved at the annual general meeting of shareholders. With nearly 8 billion shares outstanding, the bank will disburse close to VND 4,000 billion to shareholders.

This payout follows similar announcements by LPBank (30% cash dividend, record date May 15) and Techcombank (7% cash dividend, record date May 20). VPBank’s dividend is the smallest among the three in percentage terms, but its large share count makes the total payout substantial. Additionally, VPBank’s shareholders have approved a 26.04% stock dividend to boost charter capital, which will be executed after the cash dividend.

Market Context

VPB shares closed at VND 27,850 on May 12, 2026, up 0.18% on volume of 14.6 million shares. The stock has been trading in a range over the past year, reflecting the broader banking sector’s performance. The 5% cash dividend yield (based on the current price) is modest compared to LPBank’s 30% payout, but VPBank’s capital increase plan signals confidence in future growth. The banking sector on HOSE has seen mixed sentiment amid interest rate adjustments and credit growth targets.

Strategic Significance

The cash dividend, while modest, demonstrates VPBank’s commitment to shareholder returns even as it pursues aggressive capital expansion. The 26.04% stock bonus will increase the free float and potentially improve liquidity, while raising charter capital to VND 100,000 billion strengthens the bank’s balance sheet for lending growth. This dual approach—cash return and equity expansion—is typical for Vietnamese banks seeking to meet Basel III requirements and fund expansion without diluting existing shareholders excessively.

What to Watch

• Execution timeline for the 26.04% stock bonus issuance and its impact on share price.
• VPBank’s Q2 2026 earnings release to assess profitability and credit growth.
• Regulatory approval for the charter capital increase from the State Bank of Vietnam.
• Foreign ownership limit changes, as VPBank’s foreign room may be affected by the stock bonus.
• Peer dividend actions: whether other major banks (e.g., Vietcombank, BIDV) announce cash dividends in the coming months.