D.M. Wenceslao & Associates, Inc. said Monday its board approved a cash dividend of P0.079 per share, or a total P268.2 million.
Shareholders on record 12 April are entitled to the sixth consecutive annual cash dividend since DMW listed in 2018. The dividend will be paid on 25 April.
“We remain steadfast in our commitment to improving shareholder value, recognizing with gratitude, the shareholders’ pivotal role in all our milestones and accolades. As we continue to propel our strategic expansion plans forward, we will simultaneously ensure consistent and growing dividends for our valued shareholders,” said Delfin Angelo Wenceslao, chief executive officer of DMW.
DMW is a listed company with an integrated property development, land reclamation, construction and real estate development capabilities. The company has three business segments namely, rentals, construction and sale of land and condominium units. It is the master developer of Aseana City, a development on reclaimed land adjacent to PAGCOR’s Entertainment City and SM Mall of Asia.
