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Manila Bulletin devider Business devider The Stock Market devider FDC increases cash dividends to ?1.21 billion

FDC increases cash dividends to ?1.21 billion

Published Apr 25, 2025 07:31 am
Ms. Chiqui Huang - FDC President and CEO.png
FDC President and CEO Rhoda A. Huang

Gotianun-led Filinvest Development Corp. (FDC) announced that its board of directors has approved the declaration of cash dividends amounting to ₱1.21 billion.

During the firm’s annual stockholders’ meeting, FDC said its board approved the declaration of cash dividends of ₱0.14027 per share to all stockholders on record as of May 19, 2025, and payable on June 10, 2025.

The amount represents an increase of 36 percent from the previous year, and a 2.8-percent yield based on FDC’s end-December 2024 share price.

The growth of dividends per share (DPS) is in line with the increase in both earnings per share (EPS) and net income in 2024.

FDC registered a net income attributable to equity holders of the parent company of ₱12.1 billion in 2024, 36-percent higher than the ₱8.9 billion recorded the previous year, while consolidated net income reached ₱15.7 billion, rising by 29 percent year-on-year.

“Our strong performance in 2024, which exceeded our target, underscores our ability to adapt and stay ahead in an evolving landscape. We remain committed in pursuing our goal of growing earnings by 20 percent annually,” said FDC President and CEO Rhoda A. Huang.

FDC’s growth was driven by a 22-percent increase in total revenues and other income to ₱113.5 billion in 2024, from ₱92.8 billion the previous year, following a double-digit improvement across all business segments.

The increase in revenues and other income by business segment were as follows: banking, 23 percent; real estate, 11 percent; hospitality, 26 percent; power, 40 percent; and sugar, 15 percent.

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