On October 18, 2022, the Board approved the declaration of special cash dividends of P0.72per common share or a total of P9,559,778,400.00 out of the unrestricted retained earnings of the Corporation as of october 17, 2022, in favor of the common stockholders of record as of November 2, 2022, and paid on November 16, 2022.
CASH DIVIDENDS (as of 2022)
The Company is committed to provide reasonable economic returns to its shareholders with a dividend payout ratio of at least 25% of the preceding year’s Consolidated Core Net Income. Consolidated Core Net Income is currently defined as reported net income excluding all foreign exchange, mark-to-market gains and losses and non-recurring items.
The Company may, from time to time, pay special dividends as a return of excess funds to shareholders as determined by the Board of Directors upon considering the investing and operating needs of the Company.
This policy is subject to the availability of unrestricted retained earnings, and subject further to compliance with applicable laws, rules and regulations on dividend declarations.
See also disclosures on dividends declaration (Dividend Notice). click here