The Bank likewise received approval from the Securities & Exchange Commission (SEC) on Nov. 29, 2022 for its stock dividends equivalent to 20% of the current outstanding. To recall, BDO’s Board of Directors approved on March 26, 2022: the declaration of 20% stock dividends; an increase in its authorized capital stock (common shares) from 5.5 billion to 8.5 billion shares, and; the amendment to the Bank’s Articles of Incorporation to reflect the increase. These were subsequently approved by stockholders at the Bank’s Annual Shareholders’ Meeting held on April 22, 2022, and by the Bangko Sentral ng Pilipinas (BSP) on September 15, 2022. The record date for the stock dividends has been set for December 15, 2022, with a payment date set for December 29, 2022.
The P0.30 cash dividend will also apply to the additional shares arising from the 20% stock dividend declaration.
The cash and stock dividend declarations reflect BDO’s commitment to providing consistent, steady returns and value to its shareholders, while at the same time, continuing to invest in its business. The hike in authorized capital stock provides flexibility to increase capital if needed during periods of rapid growth or should attractive opportunities arise. This will allow BDO to continue to expand its business, strengthen its franchise, and deliver quality earnings for long-term sustainable growth. Note that BDO’s ability to expand its business is dependent on business conditions and its financial position.
About BDO Unibank, Inc.
BDO is a full-service universal bank which provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.
BDO has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,500 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East.
The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.
BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of September 30, 2022. For more information, please visit www.bdo.com.ph.
Deposits are insured by PDIC up to P500,000 per depositor. BDO is regulated by the Bangko Sentral ng Pilipinas with contact number (+632) 8708-7087 and with email address consumeraffairs@bsp.gov.ph, and webchat at www.bsp.gov.ph.
For concerns, please visit any BDO branch nearest you, or contact us thru our 24x7 hotline (+632) 8631-8000 or email us via callcenter@bdo.com.ph.
BDO Unibank, Inc.
BDO Tower Valero
8741 Paseo de Roxas, Salcedo Village
Makati City 1226, Philippines.
Tel +63(2) 8840-7000
www.bdo.com.ph
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