MEGAWIDE Construction Corp. is considering paying a special dividend before the end of the year as the listed engineering and infrastructure firm expects to meet its operational and financial targets.
Chairman and CEO Edgar Saavedra said another dividend payout was possible even after the company had already declared cash dividends earlier this year.
“The second half of this year will be exciting and shape our direction moving forward. We are confident that we will achieve our operational and financial targets, which will provide us means for another set of dividends before the end of the year,” he said.
Saavedra added that the planned additional payout would pave the way for a more consistent and regular dividend policy beginning next year.
“This will be a prelude to a more consistent and regular dividend payout policy starting next year, as we continue to deliver results, and transform Megawide into a dividend-paying stock,” he said.
Megawide declared cash dividends of P0.145 per share on June 23, payable on Aug. 7, 2026 to shareholders of record as of July 23. Based on the stock’s latest closing price, the company said the dividend represents a yield of about 3.6 percent.
Saavedra said the company’s strategy would expand from its current “3-D” framework to a “4-D” blueprint composed of Deliver, De-lever, Decarbonize and Dividend.
Megawide also said that it had reduced its short-term obligations by about P7 billion since the start of 2026, a move expected to generate at least P400 million in annual interest savings.
The company recently monetized its investment in Citicore Renewable Energy Corp., generating about P4.5 billion in proceeds that would be used to fund the expansion of its precast business and further reduce debt.
Shares of Megawide rose P0.08, or 2.00 percent, to close at P4.08 each on Thursday.
