PSBank board approves PHP0.75/share cash dividend for common shareholders

The Board of the Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, has approved the declaration of a cash dividend of PHP0.75/share for its common stockholders.

The dividend, amounting to PHP 287.33 million in total, will be paid on May 15, 2019 for shareholders on record as of May 3, 2019.

The declaration of cash dividend follows a respectable performance in 2018 when the bank’s net income reached PhP2.7 billion, translating to a return on equity of 11.4% and a return on asset of 1.2%.