DMCI Holdings Inc. said it is declaring a P0.48 per share special cash dividend for shareholders as of October 30, 2024.
“Ex-dividend date has been set on October 29, 2024 while payment will be made on Nov. 15, 2024,” the company told regulators.
DMCI said the special cash dividend is on top of the P0.72 per share regular and special dividends declared in April.
“With this October declaration, DMC’s total dividend payout for 2024 reached P1.20 per share or P15.9 billion, which represents 65 percent of the company’s core net income in 2023,” it said.
DMCI Holdings has a dividend policy that commits to a dividend payout ratio of at least 25 percent of the preceding year’s consolidated core net income.
The total payout translates to 10 percent in dividend yield, based on DMC’s October 15 closing price of P11.72.
