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Overview

Ayala understands that our shareholders view our dividends as a regular source of both income and capital returns and strive to maintain consistent distributions from year to year. Our policy is to treat all shareholders equally, ensuring payment of dividends in an equitable and timely manner — within 30 days after being declared and cleared. We continue to revisit potential sustainable increases in the regular dividend rate, with the continued capacity to make new or additional investments as the primary consideration.

  • Ayala provides a regular fixed semi-annual cash dividend to common shares.
  • For voting preferred shares, the dividend rate is 5.77 percent per annum.
  • For non-voting Preferred B Series 1 and Series 2 shares, the dividend rates are at 5.25 percent and 4.82 percent per annum, respectively.
Financial thumbnail

Key Metrics

*BASED ON VOLUME-WEIGHTED AVERAGE CLOSING PRICE FOR THE PERIOD

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Stock Dividends 20%
Cash Dividends per Share 6.92 8.30 6.92 6.92 5.76 5.76 4.80 4.80 4.00 4.00
Total Cash Dividends Paid (Peso Millions) 4,341 5,204 4,333 4,299 3,572 3,569 2,928 2,877 2,344 2,124
Dividend Payout 27% 15% 14% 19% 16% 19% 23% 27% 26% 19%
Dividend Yield* 0.9% 0.9% 0.7% 1.0% 0.8% 0.8% 0.9% 0.9% 0.8% 1.1%

Historical Dividends

NB: 50:1 REVERSE STOCK SPLIT ON MAY 30, 2005

Cash Dividend (in pesos) Stock Dividend
2020 6.92
2019 8.30
2018 6.92
2017 6.92
2016 5.76
2015 5.76
2014 4.80
2013 4.80
2012 4.00
2011 4.00 20%
2010 4.00
2009 4.00
2008 4.00 20%
2007 8.00 20%
2006 4.00
2005 0.06
2004 0.06 20%
2003 0.06
2002 0.06
2001 0.06
2000 0.06 20%
1999 0.06 20%
1998 0.06 20%
1997 0.06 25%
1996 0.06 50%
1995 0.06 40%
1994 0.06 20%
1993 0.06 20%
1992 0.06 35%
1991 0.09
1990 0.06 20%
1989 0.06 30%
1988 0.06 20%
1987 0.08 20%
1986 0.05 10%
1985 0.05
1984 0.03
1983 0.23
1982 0.1
1981 0.12 30%
1980 0.14 20%
1979 0.12 25%
1978 0.14 65%
1977

Dividend Income

Company

2020 2019 2018 2017 2016
AYALA LAND INC. (ALI) 1,812 3,535 3,547  3,385 3,358
BANK OF THE PHILIPPINE ISLANDS (BPI)* 2,659 2,752 2,896*  3,419 3,418
GLOBE TELECOM (GLO) 4,445 3,745 3,745  3,745 3,575
AC ENERGY 2,000 2,000
MANILA WATER (MWC) 1,188 1,086  1,113 1,096
IMI/ AC Industrials 127 122 271  215 209
OTHERS 171 229 76  201 241
TOTAL 11,215 13,570 11,622  12,078 11,897

*Includes Liontide Holdings