D.M. Wenceslao & Associates, Inc. Declares Record-High Cash Dividends, a Total of PHP 268,176,532.71

The Board of Directors of D.M. Wenceslao & Associates, Inc. (DMW) declared cash dividends of P0.078971515 per share, or a total of P268,176,532.71, during its regular meeting on March 18, 2024. Cash dividends will be paid on April 25, 2024, to all stockholders who were on record as of April 12, 2024.

This is DMW's sixth consecutive yearly cash dividend payout since its public debut in 2018 and its highest to date.
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DMW's constantly expanding profitability and strong financial position allowed it to maintain continued cash dividend growth while executing on all of its expansion plans.

“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 Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “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,” Mr. Wenceslao highlighted.

D.M. Wenceslao & Associates, Inc. (DMW) is an integrated property developer with expertise in land reclamation, construction, and real estate development. It is the master developer and primary owner of Aseana City, a development project with a total land area of 107.5 hectares located along the coastal waters of Manila Bay. Since 1965, DMW has reclaimed more than 2.4 million square meters of land leased or developed over 400,000 square meters of land and buildings and completed over 140 construction and infrastructure projects including large, complex government developments throughout the Philippines.​