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BDO announces dividends on both cash and stock

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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 P0.30 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.

The Securities & Exchange Commission (SEC) also gave 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 P0.30 cash dividend will also apply to the additional shares arising from the 20% stock dividend declaration.

The cash and stock dividend declarations reflect BDO’s commitment to provide consistent, steady returns and value to its shareholders, while at the same time, continue to invest in its business.

he hike in authorized capital stock provides flexibility to increase capital if needed during periods of rapid growth or should attractive opportunities arise.

This will allow BDO to continue to expand its business, strengthen its franchise, and deliver quality earnings for long-term sustainable growth.

Note that BDO’s ability to expand its business is dependent on business conditions and its financial position.

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