China Banking Corp., a banking affiliate of the Sy Group, said its board has approved a total cash dividend payout of P6.7 billion, reflecting the bank’s strong financial performance and commitment to rewarding shareholders.
The approved dividends include a regular cash dividend of P1.50 per common share—a 25 percent increase from last year’s P1.20—and a special dividend of P1.00 per common share. Both dividends are payable on 22 May to shareholders of record 9 May.
The total payout is 14 percent higher than the P5.9 billion distributed in 2024 and represents a 27 percent payout ratio. Based on Chinabank’s closing share price of P89.55 on April 23, the cash dividend yield stands at 2.8 percent.
The regular dividend payments of Chinabank reinforces its financial strength and shareholder-focused approach.
The higher dividend comes on the back of strong financial results. Net income for 2024 reached P24.8 billion, up 13 percent year-on-year, driven by robust core banking operations and sustained cost discipline.
TAGS: Chinabank, Dividend
