RFM Corp. has declared an additional P300 million cash dividend, bringing its total shareholder payout this year to P900 million following strong first-quarter earnings growth.
The listed food and beverage company said the latest dividend declaration of P0.08903 per share would be payable on July 31, 2026 to stockholders on record as of July 8.
The payout raises RFM's total cash dividends declared this year to P0.2671 per share, equivalent to a dividend yield of about 4.9 percent based on a share price of P5.50.
RFM President and CEO Jose Ma. Concepcion III said the dividend reflected management's confidence in the company's financial position despite global uncertainties.
"RFM delivered a solid start to 2026, with first-quarter revenues rising 10 percent to P4.97 billion and net income increasing 10 percent to P341 million," Concepcion said.
"Our continued growth, healthy cash flows, and disciplined capital allocation allow us to reward shareholders while investing in the capabilities that will support long-term expansion," he added.
For 2026, the company said capital expenditures would remain focused on upgrading its milk production lines to improve product quality, operating efficiency and capacity.
The investments are expected to strengthen RFM's dairy business and support growth in ready-to-drink and value-added milk products.
The company also announced changes to its board as part of its refresh and succession program.
George Barcelon was elected independent director, replacing former Securities and Exchange Commission chairperson Lilia Bautista, while Mary Elizabeth Santos was elected regular director in place of John Marie Concepcion.
RFM’s share price rose by 3 centavos to close at P5.64 each on Wednesday.
