Century Properties doubles dividend payout after strong 2024

Century Properties Group Inc. (CPG) announced Monday a significant increase in its dividend payout for 2025, totaling %u20B1610.63 million, following a strong financial performance in 2024.

During a special board meeting on June 16, CPG’s board of directors approved a revised dividend policy that raises the regular dividend from 10 percent to 20 percent of the company’s consolidated net income from the previous year. Additionally, a 5 percent special cash dividend was declared.

The regular dividend, amounting to %u20B10.042114 per share, will be paid on August 20, 2025, to shareholders on record as of July 25. The special dividend of %u20B10.010529 per share will follow on October 22 for those on record by September 26.

“We are pleased to announce our enhanced dividend policy, reinforcing our commitment to more stable and permanent returns for our shareholders,” said CPG President and CEO Marco Antonio. “For 2025, we are rewarding them further with a special cash dividend as CPG’s performance in 2024 exceeded expectations.”

The property developer posted a 31.7 percent year-on-year increase in net income, reaching %u20B12.44 billion in 2024 from %u20B11.86 billion in 2023. This growth was attributed to a strategic pivot toward faster-turnover residential developments, allowing quicker revenue recognition and improved capital efficiency.

Antonio cited favorable macroeconomic conditions, strong consumer demand, and continued government infrastructure investments as key factors supporting industry expansion.

Looking ahead, the company aims to strengthen its Twin Engine Strategy, focusing on both its affordable housing brand PHirst and its premium property segment. CPG also reiterated its long-term goal to deliver consistent value to shareholders while contributing to community development through high-quality housing.

“As we expand our footprint, we remain steadfast in our purpose: to build homes that enrich communities, elevate standards of living, and shape the future of Philippine real estate,” Antonio added.