Megawide Construction Corp. (Megawide or the Company) announced a possible special dividend before the end of this year.
“The second half of this year will be exciting and shape our direction moving forward. We are confident that we will achieve our operational and financial targets, which will provide us means for another set of dividends before the end of the year,” Edgar Saavedra, Chairman and CEO of Megawide said in his message to stockholders during its Annual Stockholders’ Meeting held virtually on July 8, 2026.
Megawide declared dividends of PHP0.145/share last June 23, 2026, which will be payable on August 7, 2026 to shareholders on record as of July 23, 2026. Based on its last close, this translates to around 3.6% yield and almost comparable to PSE Dividend Yield Index’s average yield of 3.8 percent.
The Company also hinted at paying out regular dividends, as targets and objectives are achieved. “This will be a prelude to a more consistent and regular dividend payout policy starting next year, as we continue to deliver results, and transform Megawide into a dividend-paying stock,” Mr. Saavedra added.
The initiative will also upgrade the Company’s existing 3-D strategy to a more holistic and inclusive 4-D blueprint, comprising of Deliver, De-lever, Decarbonize, and Dividend, aimed at welcoming a broader base of shareholders and stakeholders.
Megawide was able to significantly reduce its short-term obligations as of end-June 2026 – paying around PHP7.0 billion since the start of this year – that is expected to generate interest cost savings of at least PHP400 million annually. The Company also recently monetized its Citicore Renewable Energy Corp. shares, which generated around PHP4.5 billion proceeds to fund its pre-cast expansion plan and further de-levering.
