MSB announces the closing date for 20% stock dividend

(Dan Tri) - Vietnam Maritime Commercial Joint Stock Bank (code MSB) has just announced the Resolution of the Board of Directors on the last registration date to exercise the right to receive stock dividends is September 9.

Specifically, MSB will issue 520 million new shares to pay dividends at a rate of 20%, meaning that shareholders owning 100 shares will receive 20 new shares. The capital to issue additional shares to pay dividends and increase charter capital in 2025 will be taken from the profit that can be used to pay dividends after fully setting aside funds and undistributed profits, based on MSB's audited financial statements as of December 31, 2024.

After the issuance, the bank's charter capital will increase from VND26,000 billion to VND31,200 billion, equivalent to an increase of VND5,200 billion. The expected completion time for listing and trading of additional issued shares is in the fourth quarter of 2025.

The capital increase is part of MSB's overall plan to increase competitiveness, strengthen capital adequacy ratios, improve the ability to meet medium- and long-term credit needs, and demonstrate its commitment to ensuring high standards in risk management. This is also the basis for the bank to increase investment in technology infrastructure, develop digital platforms, upgrade customer services, and expand its portfolio of integrated financial products.

MSB will issue 520 million new shares to pay dividends at a rate of 20% (Photo: MSB).

On the stock market, MSB shares are recording positive developments. As of the trading session on August 21, 2025, MSB shares were trading around VND 17,450/share, up nearly 50% compared to the beginning of the year and higher than the increase of the VnIndex (33.3%).

Since listing on HoSE at the end of 2020, MSB has been one of the banks that has paid dividends quite regularly over the years.

In terms of valuation, MSB shares have a P/B ratio (price to book value) of about 1.04 times, while the average banking industry is 1.4 times. Along with that, the P/E ratio (price to earnings) is estimated at about 7.6 times, while the average P/E of the banking industry is about 9-10 times, showing the growth potential of MSB shares.

Several internal factors in business operations are also supporting the positive outlook for MSB shares. Although capital costs have tended to increase slightly, the bank's net interest margin (NIM) in the last 4 quarters has remained stable (nearly 3.5%). MSB's credit growth reached 13.39% in the first 6 months of the year and total credit growth granted by the State Bank was 15.8%. The strategy of diversifying credit sources, along with strict risk management, is expected to help MSB increase profit margins in the medium and long term.

In addition, MSB is actively perfecting its financial ecosystem to improve operational efficiency. One of the important moves is the divestment plan at TNEX Finance Company to focus resources and capital on key areas with high profit margins such as securities and wealth management.

These are segments that are expected to grow strongly thanks to the expansion of the middle class in Vietnam and the increasing demand for financial services and personal investments. At the same time, the bank is also conducting appraisals and evaluating M&A activities with a number of partners to promote the development of investment banking services and expand non-interest income sources.

With a solid financial foundation, clear strategic orientation and optimized operational structure, MSB is gradually affirming its position in the group of effective joint stock commercial banks in Vietnam. The 20% stock dividend not only ensures the rights of shareholders but also creates the premise for breakthrough developments in the next stage.

Source: https://dantri.com.vn/kinh-doanh/msb-cong-bo-ngay-chot-quyen-huong-co-tuc-20-bang-co-phieu-20250822104924273.htm