With the Philippine Stock Exchange (PSE) named as the “Best Stock Exchange in Southeast Asia” for 2021 in the 15th Annual Deal and Solution Awards by Alpha Southeast Asia, there is optimism on how the year 2022 would develop for investors in the Philippines. Just last month, the PSE index reached its highest level in two years.
“With a stronger framework of corporate governance in place led by the PSE and an ongoing push to raise the standards of timely disclosure, PSE is well-positioned among issuers and investors, both local and foreign,” the institutional investment magazine said.
Some in the technology sector have been among the brighter spots in an economy recovering from the effects of the pandemic. Here are the best performing tech stocks in the past year (2021) in terms of dividend yields.
The dividend yield—displayed in percentages—is the amount of money a company pays shareholders for owning a share of stock divided by its current stock price. In addition to providing consistent income, dividend-paying stocks are usually in defensive sectors with reduced volatility. Thus, they are unlikely to be affected as much by larger economic trends. Nonetheless, investors can weigh companies beyond dividend data since some may be raising dividends despite falling stock prices, risking their financial strength and long-term sustainability.
Last year, the PSE total dividend yield for all companies that declared dividends is at 1.72 percent. The bourse announced last February that it is planning to introduce a divided yield index within the first half of 2022.
- SPC Power Corporation
Dividend yield: 11.1 percent (2021)
Dividend per share: PHP 1.55 (2021)
SPC Power Corporation (SPC), formerly known as Salcon Power Corporation, was incorporated on March 11, 1994 as a venture company organized by members of the Salcon Consortium which entered into a rehabilitation, operation, maintenance and management (ROMM) agreement with the National Power Corporation (NPC) on March 25, 1994 for the purpose of undertaking the ROMM of the 203.8 MW Naga power plant complex.
Together with its subsidiaries and associates, it is engaged in various business activities within the Philippines that include, among others, the development, construction, rehabilitation, maintenance, management, and operation of power generating plants, electricity distribution and related facilities in accordance with existing laws.
SPC’s subsidiaries are SPC Island Power Corporation; Cebu Naga Power Corporation; SPC Malaya Power Corporation; Bohol Light Company, Inc.; SPC Light Company, Inc.; and SPC Electronic Company, Inc. The Company’s associates are Mactan Electric Company, Inc. and KEPCO SPC Power Corporation.
- GMA Network
Dividend yield: 9.74 percent (2021)
Dividend per share: PHP 1.35 (2021)
Incorporated on June 14, 1950, GMA Network, Inc. (GMA7) is a free-to-air broadcasting company principally engaged in television and radio broadcasting, the production of programs for domestic and international audiences, and other related businesses.
GMA7’s subsidiaries and affiliates are involved in media-related services such as movie making, sets and props construction, film syndication, music and video recording, new media, online gaming, post production services and marketing, which complement the Company’s core television and radio broadcasting business. At present, GMA7 has 47 very high frequency, 32 ultra-high frequency, and seven digital terrestrial television stations as well as 23 radio stations nationwide.
Based on January to December 2021 data from Nielsen Philippines, GMA reached 97.5 percent of total TV households in the country with an estimated 83 million viewers nationwide.
- Panasonic Manufacturing Philippines
Dividend yield: 8.74 percent (2021)
Dividend per share: PHP 0.52 (2021)
Panasonic Manufacturing Philippines Corporation (PMPC) was originally established on May 14, 1963 under the name Festival Manufacturing Corporation. PMPC is a subsidiary of Panasonic Corporation, which is incorporated in Japan on December 15, 1935. On December 8, 2004, the Company’s name was changed to the present one.
PMPC is a manufacturer, importer and distributor of electronic, electrical, mechanical, electro-mechanical appliances, other types of machinery, parts and components, battery and other related products bearing the “Panasonic” brand. The primary products of the Company are refrigerators, air conditioners, and washing machines. Other products of PMPC include electric fans, freezers, imported appliances like LCD/PDP TV sets, digital AV products, communications equipment/devices, office automation equipment, cooling equipment, and various kitchen and home appliances.
PMPC holds 40% ownership interest in the Precision Electronics Realty Corporation (PERC), which is engaged in the business of realty brokerage and leases out the land to PMPC in which the latter’s manufacturing facilities are located.
- Nickel Asia
Dividend yield: 8.41 percent (2021)
Dividend per share: PHP 0.45 (2021)
Nickel Asia Corporation (NIKL) was incorporated on July 24, 2008 with the Securities and Exchange Commission primarily to engage in the business of mining of all kinds of ore, metals, and minerals and in the business of generation, transmission, distribution and supply of electricity to cities and other localities.
The Company owns four mines operated by its subsidiaries: the Rio Tuba mine in Palawan operated by Rio Tuba Nickel Mining Corporation; the Taganito mine operated by Taganito Mining Corporation and the Tagana-an mine in operated by Hinatuan Mining Corporation, both in Surigao del Norte; and the Cagdianao mine in Dinagat Islands operated by Cagdianao Mining Corporation.
Nickel Asia has other properties in various stages of exploration for nickel, while continuing to seek opportunities in copper and gold. The Company also exports saprolite and limonite ore to customers in Japan and the People’s Republic of China.
It has established a foothold in the renewable energy business through Emerging Power Inc. (EPI). Jobin SQM Inc., a wholly-owned subsidiary of EPI, currently operates a 32 MW solar plant in the Subic Bay Freeport, planned for expansion to 100 MW. Meanwhile, wholly-owned subsidiary Montelago Geothermal Power Corporation, has geothermal service contracts in the provinces of Mindoro and Biliran.
- Concepcion Industrial
Dividend yield: 4.9 percent (2021)
Dividend per share: PHP 1.00 (2021)
Concepcion Industrial Corporation (CIC), formerly Concepcion Air Conditioning Corporation (CAC), was incorporated on July 17, 1997 and served as a subsidiary of Concepcion Industries Inc. (CII). CIC is a supplier of air conditioners, air conditioning solutions, and refrigerators, and is exploring a potential expansion into other consumer appliance products and building solutions.
Founded in 1962 by Jose Concepcion Sr., Concepcion Industries Inc. was established with the goal of providing comfort to Filipino homes through the most advanced cooling technology available.
CIC has a range of solutions and after-market service across multiple international and Philippine brands including “Carrier”, “Toshiba”, “Condura”, “Kelvinator”, “Midea”, and “Otis”. These solutions are designed to serve an array of customers and structure types, from individuals and single families living in small residences to thousands of residents, visitors and workers spread across large residential towers and office buildings, entertainment facilities, and commercial and industrial warehouses and factories.
As of the end of 2020, CIC has seven major subsidiaries namely, Concepcion-Carrier Air Conditioning Company; Concepcion Durables, Inc.; Concepcion Otis Philippines, Inc.; Concepcion Business Services, Inc.; Cortex Technologies Corporation; Alstra Incorporated; and Teko Solutions Asia Inc. The Company also has two affiliates, Concepcion Midea, Inc. and Tenex Services, Inc.
Source: Philippine Stock Exchange Market Reports
Source: Yugatech
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