BDO Unibank Inc., the largest lender in terms of assets, said it will pay on Sept. 26 a total of P1.1 billion in cash dividends to stockholders of record as of Sept. 15.
“Please be informed that the board of directors of BDO Unibank Inc. at its regular board meeting on Saturday, Aug. 27, 2016, approved the declaration of regular cash dividends on common shares in the amount of P0.30 per share or approximately P1.1 billion payable on Sept. 26, 2016 to all stockholders of record as of Sept. 15, 2016,” the bank told the stock exchange Tuesday.
It said the source of dividend payment was the “surplus profits of the bank.”
BDO posted a 13-percent increase in first-half net income to P13.2 billion from P11.7 billion a year ago, on the strength of core businesses. It was slightly more than a half of the bank’s net income target of P26 billion this year.
