BSR Plans Over 1.5 Trillion VND Cash Dividend Payment Amid Record Growth
Following a recent 30% stock dividend, Vietnam's Binh Son Refinery and Petrochemical Company (BSR) has announced plans to distribute more than 1.5 trillion VND in cash dividends to its shareholders, signaling what may be the strongest growth phase since its initial public offering.
Impressive Cash Dividend Plan
BSR has revealed its intention to pay a cash dividend at a rate of 3%, equivalent to 300 VND per outstanding share. With over 5 billion shares in circulation, the total dividend payment is expected to exceed 1.5 trillion VND, making it one of the most notable dividend distributions in the energy sector during 2026.
The company has established the following key dates for the dividend distribution:
- Ex-dividend date: August 11, 2026
- Record date: August 12, 2026
- Payment date: September 11, 2026
| BSR Dividend Payment Details | |
|---|---|
| Cash dividend rate | 3% |
| Payment per share | 300 VND |
| Outstanding shares | Over 5 billion shares |
| Total dividend payment | Over 1.5 trillion VND |
| Payment date | September 11, 2026 |
Parent Company's Share of Dividends
Notably, Petrovietnam currently holds approximately 92.13% of BSR's capital. With this ownership stake, the parent corporation is expected to receive approximately 1.382 trillion VND from this dividend distribution.
Record-Breaking Financial Performance
First quarter 2026 financial results reveal an extremely impressive growth trajectory for BSR.
| BSR Q1 Financial Comparison | ||
|---|---|---|
| Indicator | Q1 2025 | Q1 2026 |
| Revenue | Approximately 31,900 billion VND | 45,919 billion VND |
| After-tax profit | Approximately 399 billion VND | 8,265 billion VND |
| Revenue growth | +44% | |
| Profit growth | +1,970% | |
The after-tax profit of over 8.265 billion VND not only sets a record for 2026 but also represents the highest quarterly profit in BSR's entire operational history since the Dung Quat Refinery began operations.
Drivers Behind BSR's Breakthrough Performance
According to Vietcombank Securities' analysis, two primary factors are driving BSR's significant profit increase:
- High production and consumption of gasoline and oil products
- Expansion of crack spread margins as many refineries across Asia reduce capacity or suspend operations
When regional supply becomes constrained, prices for refined oil products increase more rapidly than input crude oil prices, allowing refineries like BSR to benefit substantially from these favorable market conditions.
2026 Business Forecast
The company's projected financial outlook for 2026 continues this positive trajectory:
| BSR 2026 Financial Forecast | |
|---|---|
| Revenue | 181,040 billion VND |
| Pre-tax profit | 13,822 billion VND |
| Profit growth | +130% |
If these forecasts materialize, 2026 will become one of the most successful business years in BSR's history since the Dung Quat Refinery commenced operations.
Why Investors Are Paying Attention to BSR
Beyond the cash dividend, BSR previously implemented a 30% stock dividend, equivalent to issuing more than 930 million additional shares to existing shareholders. This dual approach demonstrates that the company is both providing cash returns to shareholders while retaining resources to expand production and business operations in the future.
Comprehensive Overview
| BSR Key Highlights | |
|---|---|
| Cash dividend | Over 1.5 trillion VND |
| Previous stock dividend | 30% |
| Q1 2026 revenue | 45,919 billion VND |
| Q1 2026 after-tax profit | 8,265 billion VND |
| Projected 2026 revenue | 181,040 billion VND |
| Projected 2026 pre-tax profit | 13,822 billion VND |
Against the backdrop of tightened supply in the Asian refining market and widening profit margins, BSR is emerging as one of the energy companies with the most impressive profit growth rates on the Vietnamese stock market in 2026. The combination of substantial cash dividends, strong financial performance, and positive growth projections positions BSR as a standout performer in Vietnam's energy sector.