In a virtual meeting held today, the Board of Directors of DMCI Holdings, Inc. (PSE: DMC) approved and declared P6.37 billion in regular and special cash dividends, which represents 97 percent of the company’s consolidated core net income in 2020.

DMC shareholders on record as of April 15, 2021 are entitled to a regular cash dividend of P0.13 per share and a special cash dividend of P0.35 per share. Payment will be made on April 26, 2021.

The 97-percent dividend payout ratio is the second highest level in ten years for DMCI Holdings whose dividend policy commits to at least 25 percent of the preceding year’s consolidated core net income.

DMCI Holdings’ total annual dividend of P0.48 reflects a cash dividend yield of 8.8 percent based on its March 26, 2021 closing price of P5.43.