Puregold Price Club Inc. said Tuesday it has declared a cash dividend that total P2.79 billion for shareholders on record Dec. 27.
The cash dividend of Puregold, which operates a retail chain of 558 stores, is equivalent to 30 percent of the listed company’s core net income last year.
Each share is entitled to a P0.97 dividend, a 13 percent increase from last year, that will be paid on Jan. 18, 2024.
The current dividend yield amounts to around 3.7 percent.
Puregold has paid dividends to its shareholders without interruption since its listing on the Philippine Stock Exchange in 2011.
