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BDO declares P4.39-B cash bonus, 20% stock dividend

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BDO Unibank Inc. is giving its shareholders cash dividends amounting to P4.39 billion as well as a 20 percent stock dividend after delivering a 51 percent increase in net income to P42.8 billion last year.

During the Bank’s Annual Stockholders’ Meeting, BDO President Nestor V. Tan reported that the Bank sustained its growth momentum through the first quarter of this year as earnings rose by 13 percent year-on-year to P11.7 billion.In the same meeting, BDO stockholders approved the declaration of stock dividends equivalent to 20 percent of the Bank’s outstanding capital stock, as well as an increase in the Bank’s authorized capital stock from 5.5 billion to 8.

Record date for the special cash dividend has been set on May 6, 2022 and payment date is on May 31, 2022. On the stock dividends, shareholders will gain additional shares which they may either keep for the long-haul and grow in value, or in case they need liquidity, sell through the stock market at their discretion.

 

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