NextGen Day

According to data compiled by the Philippine Stock Exchange (PSE), cash dividends paid out by publicly listed corporations (PLCs) to common shareholders increased by 17.3 percent to PHP402.18 billion in 2021 from PHP342.88 billion the previous year.

Dividend yields on both stocks are 2.58 percent and 2.50 percent, respectively.

“As the local economy gradually reopened, corporations were able to produce higher profits, resulting in higher dividends for stockholders.” In a statement, PSE president and chief executive officer Ramon Monzon stated, “We anticipate that earnings growth across PLCs continues to increase to assure sustainable dividend payments for stock market investors.”

The cash dividends paid by 28 of the 30 main index members were PHP157.58 billion, yielding a 1.72 percent dividend return to common shareholders.

In 2020, 29 PSEi companies paid out PHP157.05 billion in cash dividends, resulting in a 1.76 percent dividend yield.

Financials, with a dividend payout of PHP187.55 billion, was the largest of the six PSE sectors.

The Real Estate Investment Trusts (REITs) listed on the PSE, namely AREIT, Inc., DDMP REIT, Inc., Filinvest REIT Corp., RL Commercial REIT, Inc., and MREIT, Inc., were among the PLCs that paid dividends.

Even though three of the five REITs were only listed for an average of four months, they had an aggregate cash dividend payout of PHP5.77 billion, resulting in a 2.16 percent dividend yield.

“Because of their dividend obligation, REITs have become a favoured asset class among investors.” Investors will have a greater selection of firms to choose from this year, with more REITs, including non-property REITs, expected to list, according to Monzon.

In 2021, 108 of 276 PLCs paid cash dividends, up from 105 of 271 the previous year.

“With over 40% of PLCs paying dividends to common shareholders, we felt it was vital to create a dividend yield index to highlight firms that generate substantial dividend income to investors.” This thematic index will be one of the new indices we’ll be introducing this semester,” Monzon said.

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