RFM Corp. CEO Jose Ma. Concepcion III disclosed that RFM's board has approved a P200 million cash dividend on Feb. 18, 2025, with record date as of Jan. 22, 2025.
RFM Corp. CEO Jose Ma. Concepcion III disclosed that RFM 's board has approved a P200 million cash dividend on Feb. 18, 2025, with record date as of Jan. 22, 2025.Concepcion, who has also been buying shares in the market in 2024, said that RFM sees a better 2024 full year performance from its branded consumer and institutional businesses in both sales and income.
Concepcion also noted the strong underlying consumer demand for RFM's Fiesta and Royal pasta products that buoyed 2024 sales. RFM declared a total of P1.3 billion in cash dividends in 2024, up from P850 million in 2023. At the share price of P3.87 at end 2024, RFM's 2024 dividend yield is 10 percent.
Approves P200 Million Cash Dividend To Kick Off 2025
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