DMCI Holdings, Inc. Declared Cash Dividends: Eligible Shareholders to Receive P0.72 Per Share

The Board of Directors of DMCI Holdings, Inc. (DMCI) approved a regular cash dividend of P0.46 per common share and a special cash dividend of P0.26 for shareholders of record on April 22, 2024.

This amounts to a total dividend payout of P9.56 billion, or 39% of the company's consolidated core net income in 2023.

DMCI Holdings has a dividend policy that requires a dividend payout ratio of at least 25% of the prior year's consolidated core net income.

The ex-dividend date is set for April 19, 2024, with the dividend distribution scheduled for May 3, 2024.
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Based on its April 3 closing price of P12.28, DMC's total dividend yields 5.9 percent.

DMC is among the highest dividend paying stocks in the local market, with a dividend payout ratio of at least 25% of the preceding year’s consolidated core net income.

DMCI Holdings, Inc. (PSE: DMC) is the only publicly listed holding company in the Philippines that has construction as its core competency.

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