Century Properties doubles dividend payout to 20%

MANILA, Philippines — Century Properties Group Inc. (CPG), the Antonio family’s listed property developer, is poised to accelerate growth nationwide, driven by its continued optimism about the country’s real estate sector.

CPG president and CEO Marco Antonio said the company’s 2024 performance lays a solid foundation for sustainable long-term value creation.

“Our Twin Engine Strategy – anchored on our first-home segment, PHirst, and Century Properties’ more premium brands – equips us to capture opportunities in both affordable and high-end segments. With disciplined financial management and our commitment to regional expansion, we are poised to accelerate growth nationwide,” Antonio said.

As part of the company’s mission to deliver consistent value to shareholders and reflect its robust 2024 financial performance, CPG announced a significant enhancement to its dividend policy.

In a special meeting, CPG’s board approved the increase in the regular dividend payout for the company’s outstanding common shares from 10 percent to 20 percent of its consolidated net income from the preceding fiscal year.

It likewise approved the declaration of a five percent special cash dividend for 2025.

“We are pleased to announce our enhanced dividend policy, reinforcing our commitment to more stable and permanent returns for our shareholders and demonstrating our financial strength and long-term profitability,” Antonio said.

For 2025, CPG will distribute a total cash dividend of P610.63 million to be released in two tranches.

The regular cash dividend, equivalent to 20 percent of its 2024 net income or P0.042114 per share, has a record date of July 25, 2025, and payment on Aug. 20, 2025.

The special cash dividend, on the other hand, equivalent to five percent of 2024 net income or P0.010529 per share, has a record date of Sept. 26, 2025, and payment on Oct. 22, 2025.

“With the increase in the annual cash dividend payout, we are providing our shareholders with a more predictable income stream. For 2025, we are rewarding them further with a special cash dividend as CPG’s performance in 2024 exceeded expectations,” Antonio said.

CPG saw its net income surge by 31 percent to P2.44 billion in 2024 on the back of a strong first-home market and continued momentum in the company’s premium residential business segment.

The company is committed to capitalizing on emerging opportunities and fulfilling the aspirations of homeowners with its Century-branded developments.

With a positive outlook on current and expected domestic policies and the stable economic landscape, CPG has expressed confidence in its expansion through organic growth, strategic acquisitions and partnerships.

As one of the country’s leading real estate companies, CPG is primarily engaged in developing, marketing, and selling mid- and high-rise condominiums and single detached homes, leasing of retail and office space, as well as property management.