Metrobank to pay shareholders this much as dividends
It’s bigger than what most banks give.
Lucky stakeholders at the Metropolitan Bank and Trust Company (Metrobank) will get good gains from the bank, following a fat bottom line booked in 2017.
In a disclosure, the listed lender said they will be paying P1 per share as cash dividends. The amount will be drawn from unrestricted retained earnings of the bank. The total payout represents a 5 percent regular cash dividend to all stockholders as of March 8, 2018.
The amounts will be credited on March 16.
Considering that the bank made P18.2 billion last year, it’s a pretty solid money back rate.