Makati Finance Corp., a listed lending company, said its board has declared both stock and cash dividends to reward its shareholders.
The Board approved stock dividends amounting to 0.7920270842 percent of the outstanding capital stock, equivalent to a maximum of 2.17 million new shares. These will be issued from the company’s unissued capital stock to shareholders of record as of August 22. The dividend shares will be distributed no later than September 17.
MFC clarified that the final number of shares to be issued may be slightly lower due to fractional shares, which will instead be paid in cash. A total of 45.15 fractional shares will be settled accordingly.
In addition to stock dividends, MFC also approved a cash dividend of P2.17 million, equivalent to P0.007920270842 per share or 0.7920270842 percent of capital. The cash dividend will be distributed on the same payment date—September 17, 2025—to shareholders of record as of August 22, 2025.
Both dividends will be paid out of the company’s audited net profits for the year ending December 31, 2024.
The four main business lines of MFC involved provision of loans to medical professionals, small and medium enterprises, businesses, and motorcycle purchases.
