Century Properties Group, Inc. (CPG) has approved an enhanced dividend policy, doubling its regular dividend payout from 10% to 20% of the company’s consolidated net income, alongside the declaration of a 5% special cash dividend for fiscal year 2024.
The Board of Directors approved a total cash dividend amounting to ₱610.32 million, to be distributed in two tranches:
The regular cash dividend, representing 20% of FY2024 net income, or ₱0.042114 per share, will be paid on August 20, 2025, to shareholders on record as of July 25, 2025.
The special cash dividend, equivalent to 5% of FY2024 net income, or ₱0.010529 per share, will be paid on October 22, 2025, with a record date of September 26, 2025.
“We are pleased to announce our enhanced dividend policy, reinforcing our commitment to provide stable and meaningful returns to our shareholders,” said Marco R. Antonio, President and CEO of Century Properties Group. “The increased annual cash dividend offers a more predictable income stream, while the special dividend recognizes the company’s exceptional performance in 2024.”
CPG posted a 31.7% increase in net income, rising to ₱2.44 billion in 2024, up from ₱1.86 billion in 2023. This robust performance was driven by the strategic pivot to faster-turnover residential developments, allowing for quicker revenue recognition and improved capital efficiency.
“Our strong results reflect the success of our business realignment strategy,” Antonio added. “With our Twin Engine Strategy—leveraging our affordable housing brand PHirst and our more premium developments under the Century banner—we are well-positioned to capture opportunities across market segments. Our continued focus on disciplined financial management and regional expansion lays the foundation for accelerated, long-term growth.”
CPG remains optimistic about the Philippine real estate market, citing favorable macroeconomic conditions, sustained housing demand, and ongoing government infrastructure initiatives as catalysts for sector expansion.
“As we move forward, we remain steadfast in our mission to deliver consistent value to our shareholders and uplift Filipino communities through quality housing developments,” Antonio said. “We thank our shareholders for their continued trust and support.”
