Equity holders of listed raw food materials manufacturer D&L Industries Inc. are set to enjoy big gains this year with the approval of a 100 percent stock dividend and an additional cash dividend of P0.15 per share.
D&L said in a statement that its shareholders approved on Monday the increase in the company’s authorized capital stock—to P18 billion from P4 billion—which will be the source of its massive stock and cash dividend play this year.
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