Cash and Stock Dividends: DMC (DMCI Holdings)

James Ryan Jonas

Here’s a summary of the Dividend Yield and Dividend Payments made by DMCI Holdings (DMC) in recent years.

For the entire year 2017, the company distributed total dividends of PHP 0.48 per share. DMCI’s Dividend Yield that year was 3.33%. This return was a slight decline from the 3.62% return paid to stockholders in 2016.

The nominal amount of PHP 0.48 per share paid in 2017 was the same amount of dividends given to DMCI shareholders from 2014 to 2016.

View the tables below to see DMCI’s dividend yield and payment history in the past years.

DMCI Holdings (DMC)’s Dividend Yield

YearDividends per Share (in PHP)Dividend Yield (Year-end %)
20130.686.07%
20140.483.06%
20150.483.48%
20160.483.62%
20170.483.33%

DMCI Holdings (DMC)’s Dividend History

YearDividend TypeAmountEx-Dividend DateDeclaration DateRecord DatePayable Date
2017Cash DividendsPHP 0.244/18/20174/5/20174/21/20175/5/2017
Special Cash DividendsPHP 0.244/18/20173/29/20174/21/20175/5/2017
2016Cash DividendsPHP 0.245/24/20165/11/20165/27/20166/10/2016
Special Cash DividendsPHP 0.245/24/20165/11/20165/27/20166/10/2016
2015Cash DividendsPHP 0.245/26/20155/15/20155/29/20156/10/2015
Special Cash DividendsPHP 0.245/26/20155/15/20155/29/20156/10/2015
2014Stock Distribution01:05.010/14/20145/16/201410/17/201411/7/2014
Cash DividendsPHP 0.245/27/20145/16/20145/30/20146/13/2014
Special Cash DividendsPHP 0.245/27/20144/30/20145/30/20146/13/2014
2013Cash DividendsPHP 0.244/23/20134/11/20134/26/20135/10/2013
Special Cash DividendsPHP 0.2411/26/201311/14/201311/29/201312/13/2013
Special Cash DividendsPHP 0.204/23/20134/11/20134/26/20135/10/2013

What are Dividends?

Dividends are distributions of income by the company to its shareholders. Simply speaking, it is the share of stockholders in the total earnings generated by the company for the year.

While stock price appreciation could provide bigger profits than dividends, price gains are only realized when the investor sells the stock. Dividends, however, are tangible and actual profits that investors receive from the company. This may be in the form of cash dividends or stock dividends.

What is Dividend Yield?

The Dividend Yield shows the dividend income paid to the stockholder as a percentage of stock price, computed using this formula:

  • Total Dividends Paid / Stock Price

Take, for example, a company whose stock price is currently P100.00 and which paid dividends of P5.00. The Dividend Yield, in this case, is 5% (computed as P5.00 divided by P100.00).

The higher the dividend yield, therefore, the higher the income that stockholders receive. Clearly, it is potentially lucrative to invest in stocks that pay consistent, sustainable, and above-average dividend yields.

What are important Dividend Dates to remember?

Here are important dates related to dividend distribution:

DateWhat It Means
Declaration DateThe company's announcement or declaration date that it will be distributing dividends
Ex-DateAlso called "Ex-Dividend Date," this is the first day a buyer of a stock is NOT entitled or is EX-cluded from receiving dividends
Record DateThe date a stockholder should be "recorded" in the books of the company to be eligible to receive dividends
Payment DateThe date dividends are actually paid to eligible shareholders

Take note that stock prices typically rise from the time the dividend was announced (Declaration Date) until the Ex-Date (the first day when buying a stock does NOT entitle the buyer to the dividends).

Stock prices would fluctuate and possibly rise right before the Ex-Date because investors are scrambling to buy the stock in order to be entitled to receive dividends. Historically, as well, stock prices start to decline from the Ex-Date onwards since those who bought the stock, just to receive dividends, start selling it because they have already earned the right to receive the dividends.

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.