The SM Group’s parent company, SM Investments Corporation (SMIC), has announced its first-ever special dividend of P2 per share, alongside a regular dividend of P11 per share, for a total of P13 per share in dividends, according to SMIC president and CEO Frederic DyBuncio in a statement on Wednesday.
This special dividend, in addition to the regular dividend will be distributed to shareholders of record as of 16 May 2025, payable on 29 May 2025.
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 SMIC’s annual stockholders’ meeting.
“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.
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.
SMIC said Zamora’s election ensures that its Board continues to maintain a majority of indepenent 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.
Seasoned executive
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.
