Bilyonaryo Lucio Co’s Puregold Price Club Inc. is giving back to its shareholders with a new dividend policy.
Under the new dividend policy, at least 30 percent of Puregold’s core net income of the previous year will be returned to shareholders in the form of cash dividends.
Aside from the new policy, Puregold’s board has also declared dividends on the company’s common stock of 86 centavos per share to shareholders of record as of January 10, 2023.
The dividends, payable on January 20, represent a 72 percent year-on-year increase in annual cash dividends declared versus the previous year.
Since its listing in 2011, Puregold has paid dividends to its shareholders without interruption.