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Manila Bulletin devider Business devider The Stock Market devider Megaworld hikes dividend to record ₱3.8 billion as recurring profits gain traction

Megaworld hikes dividend to record ₱3.8 billion as recurring profits gain traction

Published Aug 13, 2026 10:44 am
Megaworld Corp., the township developer controlled by billionaire Andrew Tan, declared a record-high cash dividend of ₱0.11733697 per share, total payout reaching ₱3.8 billion as expanding recurring income strengthens the real estate firm's cash generation.
The firm informed the Philippine Stock Exchange that its latest dividend represents a yield of 5.2 percent based on Megaworld’s closing price of ₱2.27 per share as of August 11, 2026. The cash dividend is payable on Sept. 9, 2026, to stockholders of record as of Aug. 27, 2026.
Megaworld said it has increased its cash dividend every year for the past three years, compounding at 22 percent annually. This year’s declaration equals 18 percent of its 2025 attributable net income of ₱21.0 billion, a step up from 16 percent a year earlier.
The company’s profits and payout ratio are both rising, lifting shareholder returns on two fronts.
The growing share of recurring income in Megaworld’s earnings mix provides greater stability and visibility to cash flows, strengthening the company’s capacity to meaningfully increase dividends while continuing to invest in growth.
As of end-June 2026, Megaworld had ₱22.8 billion in cash, up from ₱20.8 billion at end-2025.
Its net debt-to-equity ratio improved to 0.24x from 0.27x, marking a second consecutive year of deleveraging and keeping Megaworld among the least leveraged companies in the sector. The company has improved its balance sheet while sustaining capital expenditures and expanding shareholder returns.
“This record dividend reflects Megaworld’s continued growth and our commitment to share more of the value we create with our shareholders,” said Megaworld chief finance officer Francisco C. Canuto.
He added, “With an expanding recurring income platform and a prudently managed balance sheet, we are well-positioned to deliver sustained, meaningful increases in shareholder returns while advancing Megaworld’s next phase of growth.”
Megaworld continues to pursue its long-term leasing expansion strategy, targeting two million square meters of office gross leasable area (GLA) and one million square meters of retail GLA by 2030, bringing total leasing GLA to three million square meters. (James A. Loyola)

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Megaworld Corporation Andrew Tan Francisco C. Canuto
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