SM Investments Corporation (SM Investments) declared a total of P15.886 billion in cash dividends, including a first special dividend, reflecting P13 per share, as its earnings soared to P82.6 billion in 2024 from P77 billion in 2023.
The Board of directors announced the dividends and financial performance during their annual stockholders meeting on April 30, 2025.
Notably, the P13 per share dividend comprises of P11 per share in regular dividend and PhP2 per share in special dividend. This is the first time that the Sy company declared a special dividend to its stockholders.
The dividend is payable on May 29, 2025 to its stockholders on record as of May 16, 2024. The dividend was 44 percent higher than its PhP9 per share dividend issued in 2024.
The move underscores the company’s sustained focus on creating and returning value to its shareholders.
“This marks the fourth straight year of dividend increases,” said Frederic C. DyBuncio, President and Chief Executive Officer of SM Investments.
“We remain committed to delivering returns for our shareholders while strengthening the long-term value of the company. We are grateful for their continued trust and confidence, which has been instrumental in driving our growth,” Mr. DyBuncio added.
The country’s leading conglomerate, which is focused in three major businesses — retail, banking, and property, noted that its earnings in 2024 reflected a CAGR (compounded annual growth rate) of 8 percent over the past three years.
In terms of revenue, SM Investments reported a total of PhP654.8 billion in 2024, or 15 percent CAGR over the past three years. In 2023, the company reported revenues of PhP616.3 billion, and PhP553 billion in 2022.
Among its core businesses, SM Retail contributed the biggest revenue with PhP434.5 billion, followed by BDO with PhP186.6 billion, SM Prime with PhP140.4 billion, and Chinabank with PhP63.5 billion.
