Union Bank of the Philippines said Wednesday its board approved a cash dividend of P2 a share, or a total P4.28 billion.
The cash dividend will be given to shareholders of record Feb. 15 and will be paid on Feb. 27.
UnionBank shares will trade minus the cash dividend on Feb. 10.
At its current price, UnionBank’s cash dividend is a dividend yield equal to 2 percent.
The cash dividend is around one-third of UnionBank’s net profit of P12.7 billion in 2022.
