MANILA, Philippines – Megawide Construction Corp. has raised its dividend allocation ceiling to 50 percent of its net income from the previous year. This move comes amid expectations that the company’s profit will triple by 2027.
The company, led by tycoon Edgar Saavedra, announced on Monday in a disclosure that its board of directors had increased the maximum allowable dividend cash payout. This decision aims to provide greater returns to its shareholders as the business grows.
https://business.inquirer.net/548487/megawide-raises-dividend-ceiling-to-50
