Money

Lucky ones: BDO, UnionBank investors getting 2018 dividends

They will walk the rest of 2019 with heavier pockets and bank accounts.

They will walk the rest of 2019 with heavier pockets and bank accounts.

Shareholders at the Union Bank of the Philippines and BDO Unibank will grow richer this year after the lenders announced dividend payments following a solid 2018 run.

The banks made the announcements in separate disclosures.

Investors at the Aboitiz-owned UnionBank will receive dividends at P1.90 per share to be paid on Feb. 28, with the amount representing retained earnings from their P7.3 billion net income last year.

On the other hand, BDO stockholders will receive a total of P339.4 million as cash dividends for preferred shares, priced at 6.5 percent per annum.

Ka-ching!

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