D&L Industries, Inc. (PSE: DNL) has announced two important updates from their Annual Shareholders’ Meeting held on June 8, 2026. The company welcomed two new independent directors to their board and declared cash dividends for their shareholders.

What Are Independent Directors?

Think of independent directors as special referees on a company’s board. They don’t work for the company full-time and don’t have business deals with it. Their job is to make sure the company is being run fairly and honestly, protecting everyone who owns shares in the company.

Meet the New Board Members

D&L welcomed Mr. Cesar G. Romero and Mr. Richard Raymond B. Tantoco as their new independent directors, according to the company’s disclosure.

Mr. Cesar G. Romero has over 30 years of experience in the energy business. He worked with Shell, a big oil company, in many countries across Asia and Europe. From 2016 to 2021, he was the top boss of Pilipinas Shell in the Philippines. He helped manage over 43,000 gas stations around the world and now sits on the boards of other big Philippine companies like Aboitiz Equity Ventures, Aboitiz Power Corporation, and Robinsons Retail Holdings.

Mr. Richard Raymond B. Tantoco also brings more than 30 years of experience in energy and infrastructure. He was President of Energy Development Corporation (EDC) from 2009 to 2023, helping it become the world’s largest geothermal energy company. Geothermal energy is power that comes from heat inside the Earth. He currently serves on the boards of First Philippine Holdings, First Gen Corporation, Energy Development Corporation, and Cebu Air (the company that runs Cebu Pacific).

These two new directors are replacing Mrs. Lydia Balatbat-Echauz and Mrs. Corazon de la Paz-Bernardo, who served from 2017 to 2026. They completed their nine-year term, which is the maximum time allowed by the Securities and Exchange Commission (SEC) for independent directors.

D&L President and CEO Alvin Lao thanked the outgoing directors for their service and expressed confidence that the new directors will help the company grow while maintaining good governance practices.

What Are Dividends?

When you own shares in a company, you own a small piece of that business. When the company makes money, it sometimes shares those profits with the owners (shareholders) – this sharing is called a dividend. It’s like getting your share of the winnings.

The Dividend Announcement

D&L announced a total cash dividend of P0.236 per share. This is made up of two parts:

• Regular dividend: P0.182 per share
• Special dividend: P0.054 per share

Here are the important dates shareholders need to know:

• Ex-date: June 22, 2026 (you must own the shares before this date to receive the dividend)
• Record date: June 23, 2026 (the company checks who owns shares on this date)
• Payment date: July 8, 2026 (when shareholders actually receive their money)

Based on the stock’s closing price of P3.59 per share on June 5, 2026, this dividend represents a 6.6% dividend yield. This means if you bought the stock at P3.59, the dividend alone would give you a 6.6% return on your investment.

Understanding the Payout Ratio

D&L has a policy of paying out 50% of its previous year’s net income as regular dividends. This year, they’re paying out even more – 65% of last year’s net income – because they added a special dividend on top of the regular one.

This is actually the sixth year in a row since 2020 that D&L has been able to give special dividends to shareholders, showing the company’s strong financial health.

How Has D&L Been Performing?

According to the company’s disclosure:

For the full year 2025:

• D&L’s recurring income reached P2.6 billion
• Earnings per share were 36.3 centavos
• This was 11% higher compared to the previous year
• Growth came from strong sales volume despite high coconut oil prices

For the first quarter of 2026:

• Net income reached P717 million
• Earnings per share were 10 centavos
• This was 5% higher year-on-year and 12% higher compared to the previous quarter
• Their Batangas plant has now been profitable for six consecutive quarters

The company noted challenges including the war in the Middle East, high oil prices, inflation, and higher interest rates, but management expressed confidence in navigating these difficulties.

D&L’s Track Record of Returning Money to Shareholders

Since D&L listed on the Philippine Stock Exchange in December 2012, the company has returned a total of P20 billion in cash dividends to shareholders (including this year’s payment). They also gave a 100% stock dividend in September 2015, which means shareholders received additional free shares equal to what they already owned.

About D&L Industries

D&L Industries is a Filipino company that has been operating since 1963. They make customized ingredients and materials for various industries including food, chemicals, plastics, and consumer products. The company manufactures food ingredients, specialty materials for plastics, and chemicals used in personal care and home care products like soaps and shampoos. D&L serves many of the Philippines’ leading consumer and manufacturing companies and holds the largest market share in most of the industries where it operates.

The company trades on the Philippine Stock Exchange under the stock symbol DNL.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.