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May 27, 2024

BDO gifts shareholders with P0.30 per share cash dividend

BDO Unibank Inc. led by bankero Nestor Tan has gifted shareholders with a P0.30 per share cash dividend payable by the end of June.

The Board of Directors of the Sy-owned bank approved the declaration of regular cash dividends on common shares for the second quarter to all stockholders as of June 14 of the country’s largest bank.

The dividend payment will be sourced from the surplus profits of the BDO as of end 2021, net of previously issued dividends less capital adjustments per relevant regulations.

During the bank’s annual stockholders’ meeting in April, the declaration of stock dividends equivalent to 20 percent of the bank’s outstanding capital stock was approved.

No less than BDO chairperson Tessie Sy also announced that the bank’s Board of Directors approved a P1 special cash dividend on the bank’s common shares.

The record date for the special cash dividend has been set on May 6, 2022 and payment date is on May 31, 2022.

“The special cash and stock dividend declaration is a testament to BDO’s commitment to provide consistent, steady returns and value to its shareholders on the back of the bank’s positive performance in 2021 and 1Q 2022,” the bank said.

BDO reported that its net income surged 51 percent to P42.8 billion in 2021, and by 13 percent to P11.7 billion in the first quarter of the year on the back of the bank’s strong core businesses.