A company is about to pay a “huge” cash dividend of 100%, with stock price only equivalent to a glass of iced tea

CTCP Cơ khí Phổ Yên (Fomeco, stock code FBC) will close the list of shareholders for a cash dividend payment of 100% on September 29, with each share receiving 10,000 VND. The company plans to spend 37 billion VND for this payment, with the payment date set for November 12, 2025. Despite high dividend payouts of 30-200% annually, FBC’s stock price has stagnated at 3,700 VND/share since May 2022, with almost no trading activity. Established in 1974 and transformed into a joint stock company in 2003, FBC specializes in providing parts for major brands like Honda and Yamaha, with VEAM holding 51% of the shares. In 2024, FBC recorded revenue of 1,117 billion VND, with profit nearing 76 billion VND, exceeding planned targets. For 2025, revenue is projected to decrease by 10% to 1,010 billion VND.