BDO declares Cash Dividends for Q4, continues to provide stable returns and value to shareholders
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The BDO Unibank, Inc. (BDO) Board of Directors approved the declaration of regular cash dividends on common shares for the fourth quarter of 2022 in the amount of ₱0.30 per share at its meeting on December 3, 2022. These dividends will be paid on December 29, 2022, to all stockholders of record as of December 20, 2022.
BDO declares Cash & Stock Dividends for Q4, continues to provide stable returns and value to shareholders
The Securities and Exchange Commission (SEC) also granted the Bank permission to issue stock dividends on November 29, 2022, equal to 20% of the present outstanding stock. Recall that on March 26, 2022, the Board of Directors of BDO approved the following: the declaration of 20% stock dividends; an increase in the authorized capital stock (common shares) of the Bank from 5.5 billion to 8.5 billion shares; and an amendment to the Bank’s Articles of Incorporation to reflect the increase.
These were subsequently approved by the Bangko Sentral ng Pilipinas (BSP) on September 15, 2022, and by stockholders at the Bank’s Annual Shareholders’ Meeting on April 22, 2022. The stock dividends have a record date of December 15, 2022, and a payment date of December 29, 2022.
The additional shares that result from the declaration of the 20% stock dividend will also be subject to the ₱0.30 cash dividend.
The declarations of cash and stock dividends highlight BDO’s dedication to providing its shareholders with reliable, stable returns and value while also continuing to invest in the company. The increase in approved capital stock allows for more capital expansion if necessary during periods of rapid growth or if lucrative prospects present themselves.
As a result, BDO will be able to build its company, strengthen its brand, and generate solid profits for long-term sustainable growth. Keep in mind that BDO’s potential to grow its business depends on the state of the economy and its financial status.
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To know more about BDO’s products and services, visit www.bdo.com.ph today.