MANILA, Philippines – Megawide Construction Corp. has raised its dividend allocation ceiling to 50 percent of its net income from the previous year, amid expectations that its 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 move reflects Megawide’s confidence in its future earnings and commitment to delivering greater value to its shareholders.
https://business.inquirer.net/548487/megawide-raises-dividend-ceiling-to-50
