The businessman credited the dividend to RFM’s robust balance sheet and income growth, fueled by improved margins and higher volumes from key divisions, even after completing major expansion projects in mid-2024.
Higher dividends
For the whole year, RFM declared P1.3 billion in total dividends, or P0.39 per share, surpassing the P850 million declared in 2023.
With a P3.75 share price as of Oct. 18, the company’s dividend yield reached 10.3 percent.
Strong sales from Royal and Fiesta Pasta, along with Selecta Ice Cream (via the Unilever-RFM joint venture), drove higher volumes and income growth.
Geopolitical risks hang over 2025 outlook
Concepcion warned that the escalating war in the Middle East could drive inflation through higher oil prices, impacting consumer demand, though midterm election spending may offer some support next year.
He noted that economic growth and higher employment are key drivers of consumer spending. Current indicators suggest resilience, providing strong support for continued spending, the company stated.
