 The Board of Directors of DMCI Holdings, Inc. (DMC) approved the declaration of P0.48 per common share in special cash dividends for shareholders on record as of October 30, 2024. Ex-dividend date has been set on October 29, 2024 while payment will be made on November 15, 2024.
This is on top of DMC’s payment of P0.72 per common share in regular and special dividends declared last April 4. With this October declaration, DMC’s total dividend payout for 2024 reached P1.20 per share or P15.9 billion, which represents 65% of the company’s core net income in 2023. 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, 2024 closing price of P11.72. DMCI Holdings, Inc. (DMC) and its subsidiaries are engaged in construction, real estate, coal and nickel mining, power generation, water distribution.
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