D.M. Wenceslao & Associates, Inc. (DMW), a real estate developer with expertise in reclamation, said its board has declared cash dividends of P0.095 per share, totaling P322.6 million during its meeting on 13 March. This represents a 20 percent increase over last year’s payout.
The cash dividend will be payable on 29 April, to all stockholders on record as of 11 April.
This is DMW’s seventh consecutive annual cash dividend payout since it became publicly listed in June 2018, and it represents the company’s largest cash dividend distribution to date.
“Delivering growing returns for our shareholders remains our priority. This 20 percent increase in our annual cash dividend underscores our ability to capitalize on strategic opportunities, even amid a challenging property market,” said Benigno Tatunay, chief finance officer. “Our diverse earnings base provides us with the resilience and flexibility to sustain strong performance across market cycles, reinforcing our commitment to long-term value creation,” he added.
