The board of D.M. Wenceslao & Associates Inc. (DMW) declared cash dividends amounting to P0.078971515 per share, or a total of P268.176 million, during its regular meeting on March 18, 2024.
The cash dividends will be payable on April 25, 2024 to all stockholders on record as of April 12, 2024.
“2023 witnessed pivotal milestones for DMW, notably the opening our flagship mixed-use project Parqal, which now is enjoyed by tens of thousands of visitors every day,” said DMW chief executive Delfin Angelo Wenceslao.
This marks DMW’s sixth consecutive annual cash dividend payout since going public in 2018, and its highest so far.
DMW said its consistently growing earnings and its robust financial position enabled it to sustain continuous cash dividend growth, while simultaneously executing on all expansion initiatives.
“We remain steadfast in our commitment to improving shareholder value, recognizing with gratitude, the shareholders’ pivotal role in all our milestones and accolades. As we continue to propel our strategic expansion plans forward, we will simultaneously ensure consistent and growing dividends for our valued shareholders,” Wenceslao said.