BDO declares cash and stock dividends

The board of directors of BDO Unibank Inc. in its meeting on Dec. 3, approved the declaration of regular cash dividends on common shares in the amount of P0.30 apiece for the fourth quarter of 2022, payable on Dec. 29, 2022 to all stockholders on record as of Dec. 20, 2022.

The bank also received an approval from the Securities & Exchange Commission on Nov. 29 for its stock dividends equivalent to 20 percent of current outstanding. BDO’s board of directors approved on March 26, 2022 the declaration of 20 percent stock dividends; an increase in authorized capital stock (common shares) from 5.5 billion to 8.5 billion shares and the amendment to the bank’s articles of oincorporation to reflect the increase.

These were subsequently approved by stockholders at the bank’s annual shareholders’ meeting on April22, 2022 and by the Bangko Sentral ng Pilipinas on Sept. 15, 2022. The record date for the stock dividends was set for Dec. 15, 2022, with payment date set for Dec. 29, 2022. The P0.30 cash dividend will also apply to the additional shares arising from the 20-percent stock dividend declaration.

BDO said the cash and stock dividend declarations reflect the bank’s commitment to provide consistent, steady returns and value to its shareholders, while at the same time, continue to invest in its business.