Dividend Policy
The Company’s policy is to deliver a steady flow of dividends to its shareholders. In the past five years, JGSHI has successfully paid out at least Php0.30 per share annually despite the significant adverse impact of the pandemic in the Company’s operations and profitability. The Company shall declare cash dividends annually. The dividend rate, however, shall be reviewed every year by the Board of Directors taking into account the absence of circumstances which may restrict the payment of such dividends and considering applicable laws and regulations, the Company’s results of operations, medium and long-term growth and investment strategies, cash flow requirements, and other relevant factors.
The Board approved on May 8, 2024 the declaration of a regular cash dividend in the amount of Forty Two Centavos (P.42) per common share from JGSHI’s unrestricted retained earnings as of December 31, 2023 to all stockholders of record as of May 23, 2024, and which shall be paid on June 5, 2024. See: PSE Disclosure