SM Investments Corporation (SM Investments) announced today a substantial increase in its dividend payout to shareholders. Following a year of strong performance and strategic growth initiatives, the Board of Directors has approved a 20% increase from the previous year in dividends payout.
SM Investments declared an increase in dividend payout to PHP11.0 billion or PHP9.00 per share from PHP9.2 billion or PHP7.50 per share in favor of stockholders on record as of May 9, 2024. The dividends are payable on May 23, 2024.
“For the third year in a row, we have substantially raised our dividends, which now meet the levels we achieved before the pandemic. This is the result of the strong performance by the group,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio said.
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