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The Board of Directors of Filinvest Development Corporation (FDC), in a meeting held on April 25, 2025, approved the declaration of cash dividends amounting to P0.14027 per share to all stockholders on record as of May 19, 2025 and payable on June 10, 2025. The amount represents an increase of 36 percent from the previous year, and a 2.8 percent yield based on FDC's end-December 2024 share price. The growth of dividends per share (DPS) is in line with the increase in both earnings per share (EPS) and net income in 2024. FDC registered a net income attributable to equity holders of the parent company of P12.1 billion in 2024, 36 percent higher than the P8.9 billion recorded the previous year, while consolidated net income reached P15.7 billion, rising by 29 percent year-on-year.
“Our strong performance in 2024, which exceeded our target, underscores our ability to adapt and stay ahead in an evolving landscape. We remain committed in pursuing our goal of growing earnings by 20 percent annually,” said FDC President and CEO, Ms. Rhoda A. Huang. FDC’s growth was driven by a 22 percent increase in total revenues and other income to P113.5 billion in 2024 from P92.8 billion the previous year following a double-digit improvement across all business segments. The increase in revenues and other income by business segment were as follows: Banking, 23 percent; Real Estate, 11 percent; Hospitality, 26 percent; Power, 40 percent; and Sugar, 15 percent. Filinvest Development Corp. (FDC) is one of the leading, stable, and diversified conglomerates in the Philippines. Through its diverse businesses, FDC has established a strong reputation as a dependable partner in economic development. FDC currently has strategic holdings in key industries such as real estate development and leasing, banking and financial services, hotel and resort management, power generation and sugar. FDC aims to grow this legacy of success by continuing to strengthen its position in the industries where it competes and embarking on new endeavors that will bolster its role in nation building. Visit www.filinvestgroup.com for information on the company. |
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
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