Cash and Stock Dividends Paid: MWC (Manila Water Co.)



Here’s a summary of the Dividend Yield and Dividend Payments made by Manila Water Co (MWC) in recent years.

In 2017, MWC paid total dividends of PHP 0.85 per share. This nominal dividend amount was the highest amount of dividends distributed to Manila Water Co.’s shareholders in the last 5 years.

In terms of dividend yield, MWC’s Dividend Yield in 2017 was 3.03%, an increase from the 2.87% yield paid to stockholders in 2016. The highest dividend yield paid in the last 5 years was in 2013 amounting to 3.47%.

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

Manila Water Co. (MWC)’s Dividend Yield

YearDividends per Share (in PHP)Dividend Yield (Year-end %)
20130.763.47%
20140.812.78%
20150.813.29%
20160.832.87%
20170.853.03%

Manila Water Co. (MWC)’s Dividend History

 Dividend TypeAmountEx-Dividend DateDeclaration DateRecord DatePayable Date
2017Cash DividendsPHP 0.4244October 12, 2017October 3, 2017October 17, 2017November 2, 2017
Cash DividendsPHP 0.4244March 10, 2017March 1, 2017March 15, 2017March 31, 2017
2016Cash DividendsPHP 0.4167October 12, 2016October 3, 2016October 17, 2016October 28, 2016
Cash DividendsPHP 0.4167March 8, 2016February 26, 2016March 11, 2016March 23, 2016
2015Cash DividendsPHP 0.4075March 3, 2015February 20, 2015March 6, 2015March 20, 2015
Special Cash DividendsPHP 0.4075August 20, 2015August 11, 2015August 26, 2015September 9, 2015
2014Cash DividendsPHP 0.4031October 16, 2014October 8, 2014October 21, 2014November 5, 2014
Cash DividendsPHP 0.4031March 3, 2014February 20, 2014March 6, 2014March 21, 2014
2013Cash DividendsPHP 0.382October 7, 2013September 26, 2013October 10, 2013October 25, 2013
Cash DividendsPHP 0.382April 24, 2013April 15, 2013April 29, 2013May 15, 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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