DMCI Holdings Inc., the listed holding company of the Consunji family, declared P8 billion worth of cash dividend despite challenges faced in 2024.
DMCI said in a disclosure to the stock exchange Tuesday its board of directors approved the declaration of P0.60 per share in cash dividend, consisting of P0.35 per share regular dividend P0.25 per share special dividend.
The cash dividend will be sourced from unappropriated retained earnings as of March 24, 2025.
The dividend payout is equivalent to 42 percent of the company’s 2024 core net income of P18.8 billion, above the dividend policy of distributing at least 25 percent of the previous year’s core earnings.
Shareholders on record as of April 10, 2025 are entitled to receive the cash dividends. The ex-dividend date is April 8, while payment is scheduled for April 24.
At DMCI’s closing price of P11.50 on March 24, the total declared dividends translate into a dividend yield of 5.2 percent.
DMCI earlier reported a 21-percent decline in 2024 net income to P19 billion on weaker commodities and electricity prices, lower construction accomplishments and slump in real estate market.
Meanwhile, DMCI’s Semirara Mining and Power Corp. on Monday also declared P2-per-share cash dividend, which consists of a P1.25 per share regular cash dividend and P0.75 per share special cash dividend. Total dividend payout is P8.50 billion.
The dividend payout is equivalent to 43 percent of Semriara’s 2024 reported net income of P19.6 billion, above the dividend policy of distributing at least 20 percent of the previous year’s reported earnings.
Shareholders on record as of April 8, 2025, are entitled to the dividends. The ex-dividend date is April 7, and payment will be made on April 23.
Semirara said that at closing price of P38.60 on March 21, the total declared dividend translates into a cash dividend yield of 5 percent.