Puregold nets record P10.4 billion; shareholders get 7.1% dividend yield

Puregold Southgate store INQUIRER FILES

MANILA, Philippines — Puregold Price Club Inc., the listed grocery retail chain of billionaire Lucio Co, grew its 2024 earnings by 21.3 percent to a record P10.4 billion on growth across its brands.

In a stock exchange filing on Thursday, the retail arm of conglomerate Cosco Capital Inc. said its revenues likewise grew by 10.1 percent to P219.17 billion.

Sales at Puregold stores climbed by 4.5 percent, and by 6.4 percent at S&R Warehouse clubs.

As of end December 2024, Puregold operated a total of 602 stores nationwide. These comprised 511 Puregold stores, 29 S&R Membership Shopping Warehouses and 62 S&R New York Style quick-service restaurants.

READ: Puregold 9-month net income up 2.1%

Dividend payout

The board of Puregold has also approved a 30-percent regular dividend payout, or P1.09 per
share, for a total amount of P3.13 billion. This will be distributed to shareholders on record as of April 30, 2025.

The board also approved a 20-percent special dividend payout, amounting to P0.72 per share, for a total
of P2.08 billion. This special dividend will be distributed to shareholders on record as of Sept. 2, 2025.

Together, the total dividend payout reflects a dividend yield of 7.1 percent.