The Fund grants some P6.18 billion in dividends to nearly 6.5 million Pag-IBIG members nationwide.
The 2006 dividend comprises 80 percent or the largest ever percentage cut from the Fund’s net income, which represents a dividend rate of 4.81 percent. The Pag-IBIG Fund Charter provides that it should distribute at least 70 percent of its annual net income as dividends to its members.
The steady increase in annual dividends signifies the Pag-IBIG Fund’s continuous growth and stable financial standing.
Pag-IBIG Fund president and CEO Atty Romero Quimbo declared that a higher income for the Fund invariably leads to higher dividends and better services for the Fund members.