PROPERTY developer D.M. Wenceslao & Associates Inc. has declared a cash dividend of P0.095 per share, or a total payout of about P322.6 million, that it said would be its largest since listing in 2018.

In a disclosure, the company said this year's dividend was 20 percent higher than last year's, which Chief Finance Officer Benigno Tatunay said underscored the company's "ability to capitalize on strategic opportunities, even amid a challenging property market."

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