Latest Market News

Stay updated with the latest news about dividends, earnings, and corporate actions in the Philippine stock market.

ALTER

Alternergy Receives Second COA for Onshore Wind Study

Alternergy Wind Holdings Corp. has been granted a Certificate of Authority for a second onshore wind power facility in Batangas, aiming for a capacity of at least 150 MW. This project aligns with the company's initiative to reach 500 MW by 2026.

  • The new wind facility will cover an area of 3,807 hectares.
  • Alternergy aims to complete pre-feasibility studies within three years.
  • The project could significantly contribute to the Philippines' renewable energy goals.
Read more: manilatimes
industrial
PSE

Philippine Stock Exchange Increases Stake in PDSHC to 91.32%

The Philippine Stock Exchange has raised its ownership in the Philippine Dealing System Holdings Corp. to 91.32% through recent acquisitions. This move aims to unify the country's equities and fixed-income exchanges, enhancing operational efficiencies.

  • PSE acquired additional shares from MUFG Bank Ltd. and Mizuho Bank Ltd.
  • The acquisition supports the goal of reducing operational costs and improving scalability.
  • PSE's ownership in PDSHC now stands at 91.32%.
Read more: manilatimes
financials
PSB

PSBank Reports 1% Increase in Q1 Profit Driven by Consumer Loans

Philippine Savings Bank (PSBank) reported a net income of P1.21 billion for Q1 2025, a slight increase from the previous year, attributed to strong consumer loan demand. The bank's core revenues grew by 9%, indicating resilience amid economic challenges.

  • Net income increased by 1% year-on-year.
  • Core revenues rose 9% to P3.81 billion.
  • Total gross loans climbed 19% year-on-year to P152 billion.
Read more: manilatimes
financials

Security Bank Acquires 25% Stake in Home Credit Philippines

Security Bank Corp. has completed the acquisition of a 25% stake in HC Consumer Finance Philippines Inc., enhancing its position in the consumer finance market. This strategic move is expected to unlock new opportunities for growth in retail financial services.

  • The acquisition was completed for a base price of P10.365 billion.
  • Security Bank aims to deepen its participation in the consumer finance sector.
  • The deal received regulatory approval from the Bangko Sentral ng Pilipinas.
Read more: manilatimes
financials
GSMI

Ginebra San Miguel Declares Cash Dividends Amid Strong Q1 Performance

Ginebra San Miguel Inc. announced a regular cash dividend of P2.50 per share and a special cash dividend of P1.50 per share, benefiting shareholders as the company reported an 11% increase in net income for Q1 2025. The dividends are payable on June 6, 2025, reflecting the company's solid financial performance despite rising costs.

  • Ginebra declared a total cash dividend of P4.00 per share.
  • The company's net income for Q1 2025 reached P2.1 billion, up 11% from the previous year.
  • Consolidated revenues grew 8% to P16.27 billion.
Read more: manilatimes
industrial

Philippine Peso Strengthens, Boosting Market Sentiment

The Philippine peso strengthened to P55.84 against the dollar, its best close in over seven months, contributing to a rise in the Philippine Stock Exchange index. This positive sentiment is expected to benefit dividend-paying stocks.

  • Peso closed at P55.84, its strongest since September 2024.
  • PSEi rose by 1.64%, reflecting positive market sentiment.
  • Foreign investors recorded a net inflow of nearly P1 billion.
Read more: manilatimes
financials

GMA Network Declares Cash Dividends Despite Lower Net Income

GMA Network Inc. declared cash dividends of P2.4 billion, equivalent to P0.50 per share, despite a 35% drop in net income for 2024. The move reflects the company's commitment to shareholder value amidst financial challenges.

  • Cash dividends of P0.50 per share to be paid on May 20.
  • Net income for 2024 was P2.07 billion, down from P3.17 billion.
  • The dividend declaration is well within the company's retained surplus.
Read more: manilatimes
services
AEV

Aboitiz Equity Ventures Reports 35% Drop in Q1 Net Income

Aboitiz Equity Ventures experienced a 35% decline in consolidated net income for Q1 2025, raising concerns about future dividend payouts. The company attributed the drop to lower contributions from its power and financial services segments.

  • Net income fell to P3.2 billion from P4.9 billion year-on-year.
  • Power unit's contribution decreased by 39% due to lower market prices.
  • Shares dropped by 2.4% following the earnings report.
Read more: manilatimes
holding firms
SM

SM Investments Announces Significant Dividend Increase

SM Investments Corp. declared a total cash dividend of P15.888 billion, marking a 44% increase from the previous year, reflecting strong financial health. This dividend is set to be paid to shareholders on May 29, 2025.

  • Total cash dividends of P13 per share, comprising P11 regular and P2 special.
  • Dividend declaration is 44% higher than last year's P9 per share.
  • Shares rose by 1.75% following the announcement.
Read more: manilatimes
holding firms
GSMI

Ginebra San Miguel Declares Cash Dividends Amid Strong Q1 Performance

Ginebra San Miguel Inc. announced a cash dividend of P4.00 per share following a robust net income growth of 11% in Q1 2025. The dividends reflect the company's strong financial performance and commitment to shareholder returns.

  • Declared cash dividends of P2.50 regular and P1.50 special per share.
  • Q1 net income rose to P2.1 billion, up 11% from last year.
  • Total revenues increased by 8% to P16.27 billion.
Read more: manilatimes
industrial

Peso Strengthens and PSEi Gains Amid Positive Economic Indicators

The Philippine peso has strengthened to P55.84 against the dollar, while the PSEi rose to a near two-month high, buoyed by positive corporate earnings and a stable investment-grade rating. This economic backdrop may enhance investor sentiment and dividend prospects.

  • Peso closed at P55.84, its strongest level in over seven months.
  • PSEi gained 1.64%, reaching a near two-month high.
  • Positive corporate earnings and investment-grade rating support market sentiment.
Read more: manilatimes
ABS

GMA Network Declares P2.4 Billion in Cash Dividends

GMA Network Inc. has declared cash dividends totaling P2.4 billion, or P0.50 per share, despite a 35% drop in net income for 2024. This declaration reflects the company's commitment to shareholder returns while navigating a challenging revenue environment.

  • Cash dividends of P2.4 billion declared, equivalent to P0.50 per share.
  • Dividend payout exceeds net income after tax for 2024.
  • Demonstrates commitment to shareholder value despite declining revenues.
Read more: manilatimes
services
AEV

Aboitiz Equity Ventures Reports 35% Drop in Q1 Net Income

Aboitiz Equity Ventures Inc. reported a 35% decline in consolidated net income for Q1 2025, attributed to lower performance in its power and financial services units. This decline raises concerns for dividend sustainability as the company navigates challenging market conditions.

  • Q1 net income fell to P3.2 billion from P4.9 billion.
  • Power unit contributed 62% to net income, down 39%.
  • Concerns over future dividend payouts due to declining earnings.
Read more: manilatimes
holding firms
SM

SM Investments Announces Significant Cash Dividends

SM Investments Corp. has declared a total cash dividend of P15.888 billion, equivalent to P13 per share, marking a 44% increase from the previous year. This move underscores the company's commitment to delivering shareholder value amidst evolving market conditions.

  • Total cash dividend of P15.888 billion declared.
  • Dividend of P13 per share, comprising P11 regular and P2 special.
  • 44% increase from the previous year's dividend.
Read more: manilatimes
holding firms
GSMI

Ginebra San Miguel Declares Cash Dividends Amid Rising Profits

Ginebra San Miguel Inc. has announced a regular cash dividend of P2.50 per share and a special cash dividend of P1.50 per share, reflecting a strong Q1 net income of P2.1 billion. This dividend declaration is significant for shareholders seeking returns amidst rising operational costs.

  • Regular cash dividend of P2.50 and special cash dividend of P1.50 per share declared.
  • Q1 net income increased by 11% to P2.1 billion.
  • Dividend payable on June 6, 2025.
Read more: manilatimes
industrial
MBT

Metrobank Reports 2.5% Increase in Q1 Net Profit

Metropolitan Bank & Trust Co. (Metrobank) reported a 2.5% increase in net earnings for Q1 2025, driven by robust loan growth and strong fee income. This performance positions the bank favorably for potential dividend declarations in the upcoming quarters.

  • Net earnings grew to P12.3 billion.
  • Gross loans expanded by 16.1% year-on-year.
  • Strong performance supports future dividend potential.
Read more: manilatimes
financials

Peso Strengthens; Philippine Stock Market Gains

The Philippine peso strengthened against the dollar, closing at P55.84, while the Philippine Stock Exchange index rose to a near two-month high, driven by positive corporate earnings and a stable investment-grade rating. This economic stability may enhance investor confidence and dividend potential.

  • Peso closed at P55.84, its strongest level in over seven months.
  • PSEi gained 1.64%, reaching a near two-month high.
  • Positive corporate earnings contributed to market optimism.
Read more: manilatimes
financials
AEV

Aboitiz Equity Reports 35% Drop in Q1 Net Income

Aboitiz Equity Ventures Inc. reported a 35% decline in consolidated net income for Q1 2025, attributed to weaker performance across several business units. This decline may impact future dividend declarations as the company reassesses its financial outlook.

  • Consolidated net income fell to P3.2 billion from P4.9 billion.
  • Aboitiz Power Corp. saw a 39% drop in its net income contribution.
  • The decline raises concerns about future dividend payouts.
Read more: manilatimes
holding firms

GMA Network Declares P2.4 Billion in Cash Dividends

GMA Network Inc. has declared cash dividends totaling P2.4 billion, equivalent to P0.50 per share, exceeding its net income after tax for 2024. The dividends will be paid on May 20, 2025, to shareholders of record as of April 29, 2025.

  • Total cash dividends declared amount to P2.4 billion.
  • Dividends are equivalent to P0.50 per share.
  • Payment date is set for May 20, 2025.
Read more: manilatimes
services
SMPH

SM Prime Declares P13.86 Billion in Cash Dividends

SM Prime Holdings, Inc. has announced a total cash dividend of P13.86 billion, consisting of a regular cash dividend and a special dividend, reflecting the company's strong financial performance in Q1 2025. The dividends will be paid on May 28, 2025, to shareholders on record as of May 14, 2025.

  • Total cash dividends declared amount to P13.86 billion.
  • Dividends include a regular cash dividend of 25% of net income and a special dividend of P0.48 per share.
  • The payment date is set for May 28, 2025.
Read more: manilatimes
property

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