D&L Industries Announces P0.213 per Share Dividend for 2025

D&L Industries declared a regular cash dividend of P0.164 per share, plus a special cash dividend of P0.049 per share, to shareholders of record as of June 18. Ex-date is on June 17 and payment will be made within 30 days of the dividend declaration or on July 2.

​Management remains highly committed to its regular dividend policy of a 50% payout ratio based on prior year’s net income. On top of that, for the fifth consecutive year since the peak of the pandemic in 2020, D&L was able to declare special dividends. This year’s special dividends amount to 15% of prior year’s net income. In total, this year’s payout ratio remains at 65% of prior year’s net income, consistent with the payout ratio over the past three years. The P 0.213/sh dividend this year translates to a 3.8% yield based on May 30’s closing price of P5.64/sh.

In 2024, D&L Industries’ recurring income reached P2.3 billion, or earnings per share of P0.328 centavos. This is higher by 2% year-on-year. Despite the higher operating and interest expenses associated with the new plant in Batangas, the continued ramp up in operations helped offset the incremental expenses. The new plant turned profitable in 2014, booking a net profit of P246 million for the full year. This is ahead of the initial schedule of within two years of operations which was based on the performance of the older plants that the company had built over the years.

With the boost coming from the Batangas plant, D&L’s income for the first quarter of 2025 grew by 10% YoY to P681 million despite macroeconomic uncertainties during the period. With the increasing income contribution from Batangas plant, the company’s return ratios have started to see improvements. ROE stood at 12.1% for the quarter, higher by 1.4ppts from full year 2024 level. Meanwhile, ROIC stood at 10% for the quarter, higher by 1 ppt from full year 2024 level. Management targets a steady improvement in both ratios to reach mid to high-teens in the medium-term.

While global uncertainties seem to be the dominant theme affecting business sentiment in the near-term, D&L remains unfazed and continues to focus on building resiliency and long-term growth strategies. Management believes that with D&L’s product portfolio, the majority of which cater to basic and essential industries, the company will continue to grow and be relevant in an ever-changing business environment and world trade order. Over the longer-term, management has a lot of confidence that the new investments that the company has made over the past years will pave the way for higher and more sustainable profit growth.

Including this year’s payment, the Company has returned a total of P18.3 billion in cash to shareholders through dividends since the IPO in 2012. The company also paid a 100% stock dividend in September 2015.

D&L Industries is a Filipino company engaged in product customization and specialization for the food, chemicals, plastics and consumer products ODM industries. The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use. Established in 1963, D&L has the largest market share in most of the industries it serves, as well as long-standing customer relationships with the Philippines’ leading consumer and manufacturing companies. It was listed on the Philippine Stock Exchange in December 2012.