SM Investments Corporation (SM Investments) remains optimistic on the business prospects this year with sustained consumer spending.
Reflecting this optimism, the company declared an increase in dividend payout to PHP9.165 billion or PHP7.50 per share in favor of stockholders on record as of May 11, 2023. The dividends are payable on May 25, 2023.
The dividend declaration represents a 20% increase from the previous year’s PHP6.25 per share.
“2022 was a year of remarkable growth as our businesses participated in the reopening of the economy. This performance is reflected in our dividend declaration. We remain optimistic about the business prospects going into 2023,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio said.