BDO declares Cash & Stock Dividends
At its meeting held on December 3, 2022 , the Board of Directors of BDO Unibank, Inc. (BDO) approved the declaration of regular cash dividends on common shares in the amount of P0.30 per share for the 4th quarter of 2022 , payable on December 29, 2022 to all stockholders on record as of December 20, 2022 . The Bank likewise received approval from the Securities & Exchange Commission (SEC) on Nov. 29, 2022 for its stock dividends equivalent to 20% of 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 dividen...