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The Board of Directors of RFM Corporation approved a cash dividend of P300 million or P0.08903 per share payable on August 20, 2025 with record date as of July 30, 2025. This dividend declaration brings to P700m the total cash dividends paid by RFM so far this 2025. In 2024, the company paid a total of P1.3 billion.
At the share price of P4.17 as of July 15, 2025, RFM’s dividend yield is 5% so far. The company expects another dividend declaration in the fourth quarter. RFM Corporation CEO Jose Ma. A. Concepcion III said that “RFM plans to sustain its healthy yearly cash dividends especially that the bigger capex projects have been fully paid and that the business segments of ice cream, pasta, milk, flour and buns continue to deliver growth and cashflows." The listed food and beverage company’s (PSE: RFM) made P1.4B net income in 2024 and has so far made P309m for the first quarter 2025, which was over 50% higher than the Q1 2024 income. Concepcion said that while RFM keeps good liquidity in the balance sheet, the company is always looking to strengthen its core brands and businesses as well as look at new opportunities to deploy capital. In the meantime, the CEO noted that the steady dividends will allow shareholders to benefit from the strong cashflows and income performance of the listed company. Concepcion added that RFM expects to grow mid single digit in sales this year from P22B in 2024 while net income could grow high single digit from the P1.4b level in 2024 as volume growth drives topline while favorable input prices and volume leverage support income growth. The CEO also expects no big ticket capex for 2025. |
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