BDO Unibank Inc. has declared a 30-centavo per share cash dividend for shareholders on record as of December, the bank said in a disclosure to the Philippine Stock Exchange on Monday. Approved by the board of directors on Saturday, the total cash dividend is equivalent o P1.1 billion and is payable on December 29. BDO recorded P19.3 billion in net income in the first nine months of the year, up 10 percent from P17.6 billion a year earlier. Earlier, the bank said it plans to raise P60 billion of fresh funds from a stock rights offer. BDO is the largest bank in the Philippines in terms of assets.

Source: Manila Times December 05, 2016 17:22 UTC