The specialty food ingredients and chemicals maker declared a total cash dividend of P0.236 per share, equivalent to a yield of 6.6 percent based on its last closing price and representing a payout ratio of 65 percent of prior year’s earnings.
Cash generation holds up
The payout consists of a regular dividend of P0.182 per share and a special dividend of P0.054 per share, marking the sixth straight year that D&L has declared special dividends since the pandemic.
Shareholders on record as of June 23 will be entitled to the dividend, with payment scheduled on July 8. The stock will trade ex-dividend starting June 22.
The move comes after recurring net income rose 11 percent to P2.6 billion in 2025, supported by resilient volume growth despite elevated coconut oil prices.
Momentum carried into 2026, with first-quarter net income climbing 5 percent year-on-year to P717 million as margins improved and its Batangas manufacturing facility delivered its sixth consecutive profitable quarter.
Board refresh
D&L also welcomed former Pilipinas Shell president and chief executive Cesar Romero and former Energy Development Corp. president Richard Tantoco as new independent directors.
The two executives replace Lydia Balatbat-Echauz and Corazon de la Paz-Bernardo, who completed the nine-year term limit for independent directors prescribed by the Securities and Exchange Commission.
“We are pleased to welcome Cesar and Richard to the D&L board,” said D&L Industries president and CEO Alvin Lao.
“Both bring a wealth of experience gained from leading some of the country's most respected organizations and from working across diverse industries and global markets. Their perspectives, strategic insight, and commitment to good governance will further strengthen our board as we continue to pursue sustainable growth and create long-term value for our stakeholders,” he added.
—Edited by Miguel R. Camus
