SMIC declares first-ever P2 special dividend

The SM Group’s parent company, SM Investments Corporation (SM Investments), announced the ushering in of special dividends for its shareholders, available for distribution this month—the first time for the firm.

In a press statement on Wednesday, SM Investments president and CEO Frederic DyBuncio announced an increase in shareholder dividends to P13 per share for 2025, composed of P11 per share in regular dividends and P2 per share in special dividends.

This is an increase of 44 percent from P9 per share in 2024.

DyBuncio said the move underscores the company’s sustained focus on creating and returning value to its shareholders.

He said the Board of Directors approved the increase during SM Investments’ annual stockholders’ meeting.

Shareholders on record as of May 16, 2025, will receive the dividends on May 29, 2025.

“This marks the fourth straight year of dividend increases. We remain committed to delivering returns for our shareholders while strengthening the long-term value of the company. We are grateful for their continued trust and confidence, which has been instrumental in driving our growth,” DyBuncio said.

New director

Meanwhile, SM Investments also announced the election of Marife B. Zamora as its new independent director of the Board, chosen during the Annual Stockholders’ Meeting on Wednesday.

SM Investments said Zamora’s election ensures that its Board continues to maintain a majority of independent directors, exceeding regulatory standards and reinforcing SM’s commitment to good governance.

“I’m truly honored to join SM’s Board. SM mirrors the energy and growth journey of the Philippine economy. I look forward to contributing to a growing company deeply committed to independence and strong corporate governance,” Zamora said.

Zamora, a seasoned executive, is known in the telecom, insurance, and business process outsourcing industries.

A known advocate for women in technology and leadership, Zamora previously served on the Board of Trustees of the FTW (For The Women) Foundation and as Co-Founder of the Filipina CEO Circle, a network of women business leaders driving positive change.

Zamora succeeds Tomasa “Tammy” Lipana after completing her maximum term as an independent director.

“The Board extends its deepest gratitude to Director Lipana for the nine years of dedicated service and invaluable insights she has provided to the company. We also welcome Ms. Zamora whose broad experience and strong track record will benefit the group,” according to SM Investments chairperson Amando M. Tetangco, Jr.