A TOTAL of 105 of the 271 companies listed at the Philippine Stock Exchange (PSE) paid P342.88 billion in cash dividends to common stock stockholders last year, providing investors a yield of 2.5%, the exchange said on Thursday.
“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 in a statement.
In 2019, investors were paid the same yield, with 115 of 268 listed companies paying out P368.03 billion in cash dividends.
A total of P157.05 billion in cash dividends meanwhile was paid to common stockholders by 29 of the 30 index stocks, with a yield of 1.76%. It is 12.03% lower than what PSEi companies paid common stockholders in 2019, which totaled P178.52 billion with a yield of 1.85%.
Financials led the sectoral indices with the largest recorded dividend payout in 2020, as 12 out of its 30 companies paid a total of P159.05 billion in cash dividends.
Mr. Monzon is hoping the rollout of the vaccines for the coronavirus disease 2019 (COVID-19) will help companies increase or maintain dividend payouts in 2021. — Keren Concepcion G. Valmonte