Upcoming Dividend Wave: 10 Listed Companies Set to Ex-Dividend and Distribute Cash and Shares Next Week

The Vietnamese stock market is preparing for a notable wave of corporate distributions, with approximately 10 listed enterprises scheduled to finalize their shareholder rosters for dividend payouts in the coming week. Spanning from October 26 to October 30, this upcoming period of ex-dividend dates will see multiple major corporations execute plans to distribute accumulated earnings through both direct cash transfers and additional share issuances. As investors position their portfolios ahead of the registration deadlines, market analysts are closely monitoring these corporate actions for their potential impact on liquidity, sector-specific sentiment, and short-term price adjustments across major exchanges.

Overview of the Upcoming Corporate Action Schedule

During the trading week of October 26 through October 30, a diverse group of publicly traded companies will lock in their shareholder registries to distribute dividends for the fiscal years 2025 and 2026. This corporate calendar highlights a mix of robust industrial players, energy providers, and agricultural enterprises choosing this window to reward long-term investors.

For the average retail and institutional investor, navigating this week requires careful attention to critical milestones: the registration date (ngày đăng ký cuối cùng) and the ex-dividend date (ngày giao dịch không hưởng quyền). Because of the settlement cycle, investors who purchase shares on or after the ex-dividend date will not be eligible to receive the announced corporate benefits, shifting the intraday trading dynamics for several high-profile tickers.

Cash Dividend Leaders: Masan High-Tech Materials, Navico, and Nhon Trach 2

Among the enterprises opting for cash distributions, several prominent names stand out due to the sheer scale of their payouts and the strategic timing of their interim dividends.

Leading the pack in terms of total capital allocation is CTCP Masan High-Tech Materials (Ticker: MSR). The company has officially announced its registry closing date for the first tranche of its 2026 interim cash dividend at a rate of 20%, translating to 2,000 VND per share. The final registration date is slated for November 2, which corresponds to an ex-dividend date of October 30. Management expects the actual payment to hit investor accounts by November 6.

With approximately 1.1 billion shares currently in circulation, MSR is projected to disburse roughly 2,210 billion VND for this specific interim round. This payout builds upon broader capital allocation strategies outlined earlier. Prior to this announcement, a surprise General Meeting of Shareholders (GMS) approved a comprehensive second interim dividend plan for 2026 at an anticipated rate of 50% (5,000 VND per share), representing a total value of approximately 5,500 billion VND. When combined with the first interim dividend of 10% (1,000 VND per share) already executed, MSR’s total projected dividend yield for the 2026 fiscal year reaches an impressive 60% (6,000 VND per share), totaling a staggering 6,600 billion VND in shareholder returns. Financial analysts view this aggressive return of capital as a strong signal of confidence in the company’s operational cash flow and asset monetization strategy, despite prevailing headwinds in the global specialty materials market.

Another notable participant in the cash dividend wave is CTCP Nam Viet (Navico – Ticker: ANV). The seafood processing and aquaculture giant has announced a combined payout covering both its 2025 dividend and an interim 2026 dividend, utilizing a uniform cash rate of 10% (1,000 VND per share). The final registration date is set for October 30, with the ex-dividend date preceding it on October 29. Payment is scheduled to be distributed to shareholders on December 15. The total payout is divided evenly, with the 2025 dividend and the 2026 interim dividend each accounting for 5% (500 VND per share). Based on its pool of roughly 266 million outstanding shares, ANV will allocate approximately 266 billion VND to satisfy these commitments. Industry observers note that this consistent return reflects a stabilization in export demand and improved margin management within the Vietnamese aquaculture sector following a volatile preceding year.

In the energy sector, CTCP Điện lực Dầu khí Nhơn Trạch 2 (Ticker: NT2) has formally notified the market of its schedule to distribute a 2025 cash dividend at a rate of 10%, equating to 1,000 VND per share. The registration deadline is October 30, placing the ex-dividend date on October 29, while cash disbursement is projected for November 16. With nearly 287 million shares currently circulating on the market, NT2 is expected to expend approximately 287 billion VND for this corporate action. As a key thermal power producer in the southern grid, NT2’s steady dividend policy continues to appeal to income-focused investors seeking defensive assets amidst macroeconomic uncertainty.

Share Dividend Issuances: Dong San Holdings Expands Capital Base

While cash distributions remain a favored mechanism for immediate liquidity, stock dividends continue to serve as a vital tool for companies looking to retain earnings while expanding their equity base to support future operational scale.

CTCP Đông Sản Holdings (Ticker: DSH) represents the primary vehicle utilizing stock-based remuneration during this upcoming window. The company has designated October 29 as its final registration date, setting the ex-dividend date for October 28. According to the approved issuance plan, DSH will distribute a 2025 stock dividend at a ratio of 100:12. This means shareholders owning 100 shares at the close of the registration date will receive 12 new shares.

To fulfill this obligation, DSH plans to issue approximately 4.2 million new shares. Upon the successful completion of this regulatory process and the subsequent listing of the new shares, the company’s charter capital will increase to 392 billion VND. Financial advisors note that such capital-raising exercises allow growing enterprises to preserve essential working capital for ongoing expansion projects while simultaneously increasing market capitalization and stock liquidity over the medium term.

Broader Market Context and Implementation Ranging Across Sectors

Beyond these headline-grabbing announcements, a wider array of listed companies across the Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) are scheduled to finalize their shareholder lists for dividend processing. Depending on the individual financial health and strategic roadmaps ratified during their respective annual general meetings, these remaining enterprises feature payout ratios fluctuating between 3% and 15%, delivered through either direct cash transfers or stock dividends.

This cluster of corporate actions underscores a broader seasonal trend where listed entities align their reporting cycles and liquidity management with end-of-year financial milestones. For the broader stock market, these scheduled cash injections into investor portfolios often translate into localized liquidity boosts, as institutional and retail participants frequently reinvest capital back into the market.

Fact-Based Analysis of Implications and Investor Considerations

The convergence of multiple dividend events within a single trading week carries several mechanical and psychological implications for the Vietnamese stock market:

1. Price Adjustments on Ex-Dividend Dates: Under market regulations, stock prices for companies like MSR, ANV, NT2, and DSH will experience a downward theoretical adjustment on their respective ex-dividend dates to account for the value of the distributed cash or shares. Investors entering these stocks just before the cutoff must weigh the immediate return against this standard market adjustment.
2. Liquidity Redistribution: The distribution of thousands of billions of dong in cash dividends—particularly from heavyweights such as Masan High-Tech Materials—frequently results in a temporary surge of available capital within brokerage accounts. Market strategists suggest that a portion of these funds tends to rotate back into blue-chip equities or sector leaders, occasionally dampening downward volatility during broader market pullbacks.
3. Sector Sentiment Validation: Consistent dividend payouts in sectors such as agriculture (Navico), energy (Nhơn Trạch 2), and industrial materials provide tangible validation of underlying business fundamentals. In an investment climate occasionally driven by speculative momentum, scheduled cash returns offer a reliable benchmark for evaluating corporate governance and actual earnings conversion efficiency.

As the trading week of October 26 to October 30 approaches, market participants are advised to verify their positions ahead of the specific ex-dividend cutoff dates to ensure full compliance with registration procedures and to optimize their portfolio strategies for the fourth quarter.