DMCI expects to pay P19.1b in dividends in 2023

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DMCI expects to pay P19.1b in dividends in 2023
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DMCI Holdings Inc., the listed holding company of the Consunji family, said Wednesday its board approved the declaration of P9.56 billion in special cash dividend following a hefty cash bonus from its coal and power subsidiary.

It said with the latest dividend declaration, DMCI’s cumulative dividend payout for 2023 is at P1.44 per share, a 20-percent increase from P1.20 in 2022. DMCI said it would end the year with P19.1 billion in dividend payments to shareholders, its highest total payout on record.The conglomerate 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.

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