Dividend Information

We declare dividends to shareholders of record, which are paid from our unrestricted retained earnings. Our dividend policy entitles holders of Shares to receive annual cash dividends of up to 30% of the prior year's recurring attributable net income based on the recommendation of our Board of Directors. Such recommendation will take into consideration factors such as dividend income from subsidiaries, debt service requirements, the implementation of business plans, operating expenses, budgets, funding for new investments and acquisitions, appropriate reserves and working capital, among others.

Although the cash dividend policy may be changed by our Board of Directors at any time, our current intention is to pay holders of our Shares annual cash dividends at this ratio. Additionally, in the event that new investments, acquisitions or other capital expenditure plans do not materialize, our Board of Directors plans to review the dividend policy and consider increasing the dividend ratio above 30% of the prior year's recurring net income.

Following are the dividends declared since the company listed its shares in the Philippine Stock Exchange on November 22, 2010:

YearTypeDividend RateRecord DatePayment/Issue Date
2023Cash (Special)PhP0.05 per shareMarch 27 , 2024April 12, 2024
2023Cash (Regular)PhP0.08 per shareMarch 27 , 2024April 12, 2024
2023Cash (Special)PhP0.07 per shareNovember 24, 2023December 7, 2023
2023Cash (Regular)PhP0.17 per shareMarch 29, 2023April 12, 2023
2022Cash (Special)PhP0.23 per shareNovember 24, 2022December 9, 2022
2022Cash (Special)0.05 per shareMarch 24, 2022 April 7, 2022
2022Cash (Regular)0.17 per shareMarch 24, 2022April 7, 2022
2021Cash (Special)Php0.22 per shareNovember 8, 2021December 2, 2021
2021Cash (Regular)Php0.09 per shareMarch 25, 2021April 8, 2021
2021Cash (Special)Php0.14 per shareMarch 25, 2021April 8, 2021
2020CashPhp0.22 per shareAugust 24, 2020September 4, 2020
2020CashPhp0.08 per shareMarch 27, 2020April 8, 2020
2019CashP0.07 per shareMarch 28, 2019April 12, 2019
2018Stock80%October 23, 2018November 20, 2018
2018CashP0.30 per shareSeptember 11, 2018September 27, 2018
2018CashP0.12 per shareMarch 28, 2018April 10, 2018
2017CashP0.08 per shareMarch 29, 2017April 11, 2017
2016CashP0.08 per shareMarch 31, 2016April 12, 2016
2015CashP0.50 per share4April 15, 2015April 27, 2015
2015Stock100%August 11, 2015
2014CashP0.10 per share3April 10, 2014May 08, 2014
2014CashP0.17 per share3December 10, 2014
2014Stock50%January 28, 2015
2013CashP0.09 per share2April 22, 2013May 14, 2013
2013Stock25%July 12, 2013
2012CashP0.14 per share1April 16, 2012May 11, 2012
2012Stock50%September 24, 2012
2011CashP0.06 per share1April 11, 2011May 9, 2011
2011CashP0.03 per share1December 08, 2011

1Adjusted for the effects of the 50%,25%,50% and 100% stock dividends issued in September 2012,July 2013,January 2015 and August 2015, respectively

2Adjusted for the effects of the 25%,50% and 100% stock dividends issued in July 2013,January 2015 and August 2015, respectively

3Adjusted for the effects of the 50% and 100% stock dividends issued in January 2015 and August 2015, respectively

4Adjusted for the effect of the 100% stock dividend issued in August 2015