D&L Industries (PSE: DNL) today announced a total cash dividend of P0.213 per share, comprising a regular cash dividend of P0.164 per share and a special cash dividend of P0.049 per share. Shareholders of record as of June 18, 2025, will be eligible for the dividends, with an ex-date of June 17, 2025. Payment will be made on July 2, 2025.
This year’s total dividend payout represents a 65% payout ratio of prior year’s net income, consistent with the payout ratio over the past three years. This translates to an attractive 3.8% yield based on the closing price of P5.64 per share on May 30, 2025.
“We are proud to continue our tradition of consistently returning value to our shareholders through robust dividends,” said a D&L Industries spokesperson. “Our commitment to a 50% regular dividend payout policy, coupled with five consecutive years of special dividends since the pandemic, underscores our strong financial health and confidence in our future growth.”
D&L Industries’ recurring income for 2024 reached P2.3 billion, a 2% year-on-year increase, with earnings per share of P0.328. This solid performance was achieved despite higher operating and interest expenses associated with the new Batangas plant, which turned profitable in 2024, booking a net profit of P246 million well ahead of schedule.
The positive momentum continued into the first quarter of 2025, with income growing by 10% year-on-year to P681 million, even amidst global macroeconomic uncertainties. The increasing contribution from the Batangas plant has positively impacted the company’s return ratios, with Return on Equity (ROE) at 12.1% and Return on Invested Capital (ROIC) at 10% for the quarter. Management targets a steady improvement in both ratios to reach mid to high-teens in the medium-term.
“Our new Batangas plant is proving to be a significant growth driver, exceeding our initial profitability expectations,” the spokesperson added. “While the global landscape presents challenges, D&L remains focused on building resilience and executing our long-term growth strategies. Our diverse product portfolio, largely serving essential industries, positions us well for sustained relevance and growth.”
Including this latest declaration, D&L Industries has returned a total of P18.3 billion in cash to shareholders through dividends since its initial public offering in 2012. The company also paid a 100% stock dividend in September 2015.
