DIVIDENDS OF LISTED ISSUES HIT P342.88 BILLION IN 2020
Total dividends paid out by listed companies in the Philippine Stock Exchange (PSE) last year amounted to P342.88 billion, according to data compiled by the stock exchange.
PSE reported that 105 of the 271 PSE-listed companies paid a total of Php342.88 billion in cash dividends to common stockholders in 2020, giving investors in these companies a yield of 2.50 percent.
In 2019, 115 of the 268 PSE-listed companies paid Php368.03 billion in cash dividends, also providing a yield of 2.50 percent.
For PSEi companies, the cash dividends paid to common stockholders by 29 of the 30 index stocks amounted to Php157.05 billion (1.76 percent yield) and Php178.52 billion (1.85 percent yield) in 2020 and 2019, respectively.
“We are pleased that listed firms continued to pay attractive dividends in 2020 despite the disruptive impact of the pandemic to their operations and cash flow. These dividends provided investors additional income during one of the most financially challenging years in the history of Philippine business,” PSE President and CEO Ramon S. Monzon said.
The Financials sector had the biggest dividend payout among the sectors last year. Twelve of the 30 companies in this sector paid out a combined Php159.05 billion in cash dividends.
“We hope that corporate profits will improve substantially this year, especially with the expected arrival of vaccines, so companies can continue to maintain or even increase their dividend payouts,” Mr. Monzon added.
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