--- title: 17 firms close dividend rights in early November 2026 description: 17 listed firms set record dates in the week of November 02 to 06 2026, with 14 paying cash up to 100 percent alongside key payout schedules and mechanics. url: https://ginity.vn/en/blog/listed-companies-finalize-cash-dividend-rights-in-early-november canonical: https://ginity.vn/en/blog/listed-companies-finalize-cash-dividend-rights-in-early-november markdown: https://ginity.vn/en/blog/listed-companies-finalize-cash-dividend-rights-in-early-november.md language: en datePublished: 2026-11-01T00:00:00+07:00 dateModified: 2026-11-01T00:00:00+07:00 author: name: Gini url: https://ginity.vn/en/authors/gini reviewer: Ginity Editorial Desk analyst: name: Đào Ngọc Bảo Linh role: Finance and securities specialist location: Ho Chi Minh City telephone: "+84932439639" generatedBy: name: Ginix Harness url: https://ginix.vn desk: id: equity name: Companies & sectors url: https://ginity.vn/en/topics/equity tickers: - SLS - QTP - PC1 - VSH - VPI sources: [] publisher: Ginity attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.' disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources." usageTerms: https://ginity.vn/ai.txt --- # 17 firms close dividend rights in early November 2026 > 17 listed firms set record dates in the week of November 02 to 06 2026, with 14 paying cash up to 100 percent alongside key payout schedules and mechanics. Gini · Companies & sectors · 2026-11-01 · https://ginity.vn/en/blog/listed-companies-finalize-cash-dividend-rights-in-early-november _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - The first week of November 2026 sees 17 listed companies closing shareholder registers, with 14 enterprises distributing cash dividends. - Son La Sugar leads cash distribution with a 100 percent payout rate, delivering 10,000 VND per share and disbursing 98 billion VND on November 25 2026. - Quang Ninh Thermal Power finalizes a 7 percent cash dividend amounting to 315 billion VND scheduled for payment on November 27 2026. - PC1 Group and Van Phu - Invest execute stock dividend distributions at a 15 percent rate and a 10:1 ratio respectively during November 2026. - Vinh Son - Song Hinh Hydropower sets a November 16 2026 record date to pay a 10 percent cash dividend on November 30 2026 per official VSDC notices. The Vietnamese equity market enters the first trading week of November 2026 with an active calendar of corporate entitlement finalizations. Market statistics compiled on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) show that 17 listed companies are scheduled to close their shareholder registers between November 02 2026 and November 06 2026. Among these issuers, 14 enterprises have selected direct cash payouts, providing tangible cash flow to equity portfolios. This wave of corporate earnings distributions follows the completion of financial reporting for the first nine months of 2026 across major industrial and utility sectors. Tracking corporate registry closing dates and mastering the technical mechanics of ex-dividend adjustments enable portfolio managers and individual investors to manage capital allocations effectively. ## Dividend entitlement schedule for early November 2026 Disclosures published on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) reveal that 17 enterprises are concluding shareholder entitlement procedures during the trading week spanning November 02 2026 through November 06 2026. While 14 companies are executing direct cash transfers to investment accounts, the remaining issuers are issuing bonus shares or stock dividends to bolster charter capital reserves. The most notable cash payout of the week belongs to Son La Sugar Joint Stock Company (ticker: SLS). Corporate disclosures reported on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) indicate that Son La Sugar established its record date on November 03 2026 to pay a 100 percent cash dividend for the 2025-2026 operational period. Under the statutory par value of 10,000 VND specified in Article 13 of the [Law on Securities of 2019](https://vanban.chinhphu.vn/?docid=198541&pageid=27160), each SLS common share receives 10,000 VND in cash. Based on its outstanding share capital, Son La Sugar is projected to disburse approximately 98 billion VND in cash payments on November 25 2026. According to disclosures reported on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn), Quang Ninh Thermal Power Joint Stock Company (ticker: QTP) closes its shareholder registry on November 06 2026 with a payout rate of 7 percent, equivalent to 700 VND per outstanding share. The company will mobilize an estimated 315 billion VND in cash liquidity to fulfill this payment on November 27 2026. For stock-based distributions, PC1 Group Joint Stock Company (ticker: PC1) is expanding its equity capital base through a share dividend. Financial records published on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) show that PC1 finalized a 15 percent stock dividend rate with its ex-dividend date falling on November 04 2026. PC1 plans to issue approximately 61.7 million new common shares to existing shareholders to support ongoing infrastructure capital expenditures. ## Key corporate actions across five listed enterprises To provide market participants with a clear comparative overview, the table below consolidates the dividend actions of five prominent listed enterprises scheduled for execution during November 2026, incorporating official regulatory filings. | Ticker | Distribution type | Payout rate | Record date | Scheduled payment date | | :--- | :--- | :--- | :--- | :--- | | SLS | Cash | 100% (10,000 VND/share) | 03/11/2026 | 25/11/2026 | | QTP | Cash | 7% (700 VND/share) | 06/11/2026 | 27/11/2026 | | PC1 | Stock | 15% (approximately 61.7M shares) | 05/11/2026 | Q4/2026 | | VSH | Cash | 10% (1,000 VND/share) | 16/11/2026 | 30/11/2026 | | VPI | Stock | Ratio 10:1 (10% rate) | 11/11/2026 | Q4/2026 | Source: Compiled from corporate disclosures on [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) and [VSDC](https://vsdc.vn/vi/ad/202022) as of October 31 2026. > Chart: Cash dividend payout rates in November 2026. Payout rate, %. SLS: 100; VSH: 10; QTP: 7. Looking further into November 2026, the Vietnam Securities Depository and Clearing Corporation (VSDC) has released formal notices for subsequent corporate actions. According to VSDC Notice No. 202022 issued on October 30 2026 by [VSDC](https://vsdc.vn/vi/ad/202022), Vinh Son - Song Hinh Hydropower Joint Stock Company (ticker: VSH) designated November 16 2026 as the record date for a 10 percent cash dividend, delivering 1,000 VND per share with settlement on November 30 2026. Concurrently, VSDC Notice No. 202023 published on October 30 2026 by [VSDC](https://vsdc.vn/vi/ad/202023) confirmed that Van Phu - Invest Investment Joint Stock Company (ticker: VPI) set its record date for November 11 2026. Van Phu - Invest is distributing a 2025 stock dividend at an execution ratio of 10:1, granting shareholders 1 additional common share for every 10 shares held at the closing of the entitlement list. The divergence between cash payments and stock issuances demonstrates differing capital management strategies across distinct business models. A structured comparison between immediate cash returns and compounding share counts is detailed in our dedicated guide on [dividends and dividend yield](/en/blog/dividends-and-dividend-yield). ## Reference price adjustment on the ex-dividend date Understanding the operational concept of the ex-dividend date is essential for any market participant navigating corporate actions. The ex-dividend date represents the first trading day on which buyers of an equity security are no longer entitled to receive the declared dividend or corporate distribution. From an accounting standpoint, when an enterprise distributes cash from its accumulated retained earnings to shareholders, its net asset value and book value decrease accordingly. Consequently, to maintain market balance between buyers and sellers, the trading engine of the stock exchange automatically adjusts the opening reference price downward on the morning of the ex-dividend session. The standard calculation for adjusting the reference price on the ex-dividend date in the case of a cash dividend is expressed as: $$\text{New Reference Price} = \text{Previous Closing Price} - \text{Cash Dividend}$$ According to Article 13 of the [Law on Securities of 2019](https://vanban.chinhphu.vn/?docid=198541&pageid=27160), the statutory par value is 10,000 VND. As reported on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn), SLS pays a cash dividend of 10,000 VND per share. In a hypothetical scenario where SLS closes at 150,000 VND on the session immediately preceding the ex-dividend date, our calculation indicates that the opening reference price on November 02 2026 adjusts downward to 140,000 VND per share. When a corporation issues stock dividends, total outstanding shares increase while total shareholder equity remains unchanged, resulting in market price dilution. The adjusted reference price formula for stock dividend distributions is established as: $$\text{New Reference Price} = \frac{\text{Previous Closing Price}}{1 + \text{Stock Dividend Rate}}$$ According to corporate disclosures reported on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn), PC1 executes a 15 percent stock dividend rate. In a hypothetical calculation where PC1 closes at 23,000 VND prior to the ex-dividend date of November 04 2026, our calculation yields a new reference price of 20,000 VND per share. ## Settlement cycle mechanics and record date rules To secure dividend entitlements, investors must align their transaction timing with the relationship between the ex-dividend date and the official record date. Securities ownership recording procedures are governed comprehensively under Government [Decree No. 155/2020/ND-CP](https://vanban.chinhphu.vn/?pageid=27160&docid=202222), which guides the implementation of the Securities Law. The Vietnamese stock market currently operates under a T+2 settlement cycle. When an investor executes a stock purchase order on trade date T, the securities are transferred to the custody account on the afternoon of the second business day (T+2), typically around 16:30. Consequently, to be registered on the official shareholder list on the record date, an investor must purchase the shares at least one business day prior to the ex-dividend date. If an investor purchases shares on the ex-dividend date itself, the trade executes successfully, but settlement completes only after the shareholder register has closed at VSDC. As a result, the buyer on the ex-dividend date does not receive that dividend cycle. Institutional custody mechanics and trading friction calculations are examined in depth in our review of the [T+2 settlement cycle and trading fees](/en/blog/t2-settlement-cycle-trading-fees). Conversely, an existing shareholder who sells shares on the ex-dividend date remains fully entitled to the dividend payment. Because the sale settles on T+2, the seller remains the legal owner of record at the end of the record date under ownership rules defined in Government [Decree No. 155/2020/ND-CP](https://vanban.chinhphu.vn/?pageid=27160&docid=202222). ## Taxation and practical considerations for investors Investors participating in corporate entitlement events must incorporate statutory tax liabilities into their net yield projections. Under prevailing tax legislation in Vietnam, individual income earned from capital investments via cash dividends is subject to a 5 percent withholding tax rate. Securities brokerage firms automatically deduct this 5 percent personal income tax before crediting net cash proceeds into client trading accounts. According to disclosures reported on October 31 2026 by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn), QTP distributes a cash dividend of 700 VND per share. The statutory 5 percent personal withholding tax equals 35 VND per share pursuant to Government [Decree No. 155/2020/ND-CP](https://vanban.chinhphu.vn/?pageid=27160&docid=202222), leaving a net cash payout of 665 VND per share credited on November 27 2026. For stock dividends, individual investors do not incur immediate taxation upon the receipt of newly issued shares. Instead, tax obligations arise when the investor subsequently executes a sell order for those dividend shares on the exchange, at which point statutory personal income tax on investment capital distributions is withheld pursuant to Government [Decree No. 155/2020/ND-CP](https://vanban.chinhphu.vn/?pageid=27160&docid=202222). Market participants must also account for payment time lags. In the case of Son La Sugar (SLS), the record date occurs on November 03 2026, while the actual cash payout arrives on November 25 2026, as reported by [CafeF](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) on October 31 2026. This three-week interval requires portfolio planners to budget liquidity expectations accordingly when executing rebalancing strategies. Remaining vigilant regarding corporate entitlement schedules enables market participants to optimize cash flow management while maintaining accurate expectations regarding ex-dividend pricing adjustments and net asset valuations. *Disclaimer: The information presented in this article is compiled for research and informational purposes only and does not constitute financial advice or investment recommendations. Readers are encouraged to review our full [Legal Disclaimer](/en/legal/disclaimer).* ## Sources - CafeF: [Dividend entitlement calendar for week Nov 2 - 6: Cash dividend up to 100 percent](https://cafef.vn/lich-chot-quyen-co-tuc-tuan-2-6-11-co-tuc-tien-mat-cao-nhat-100-188261031173350162.chn) (31/10/2026) - Vietnam Securities Depository and Clearing Corporation: [Notice on record date for cash dividend rights execution of VSH](https://vsdc.vn/vi/ad/202022) (30/10/2026) - Vietnam Securities Depository and Clearing Corporation: [Notice on record date for share dividend rights execution of VPI](https://vsdc.vn/vi/ad/202023) (30/10/2026) - Government Electronic Information Portal: [Securities Law No. 54/2019/QH14](https://vanban.chinhphu.vn/?docid=198541&pageid=27160) (26/11/2019) - Government Electronic Information Portal: [Decree No. 155/2020/ND-CP detailing the implementation of Securities Law](https://vanban.chinhphu.vn/?pageid=27160&docid=202222) (31/12/2020) ## Frequently asked questions ### How many companies are finalizing dividend entitlements in early November 2026? According to data compiled on October 31 2026 by CafeF, 17 listed firms set record dates between November 02 and November 06 2026, with 14 distributing cash. ### Which enterprise offers the highest cash dividend rate in early November 2026? Son La Sugar (ticker SLS) delivers a 100 percent cash dividend equal to 10,000 VND per share, disbursing approximately 98 billion VND on November 25 2026. ### Do investors buying shares on the ex-dividend date receive the announced dividend? Investors purchasing shares on or after the ex-dividend date do not appear on the official VSDC shareholder list and are not entitled to that dividend payout. ### How is the stock reference price adjusted on the ex-dividend morning? On the ex-dividend date, the stock exchange automatically adjusts the opening reference price downward by the exact cash dividend value or stock dividend ratio. --- _Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._ _Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._