Bank of the Philippine Islands Dividends and Buybacks
Dividend criteria checks 5/6
Bank of the Philippine Islands is a dividend paying company with a current yield of 4.84% that is well covered by earnings.
Key information
4.8%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 4.7% |
| Future Dividend Yield | 5.8% |
| Dividend Growth | 10.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 34% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 24
BPI: Stable Governance And Cash Dividends Will Support Future Shareholder Returns
Analysts have kept their fair value estimate for Bank of the Philippine Islands steady at ₱132.33 per share, with only marginal adjustments to the supporting assumptions such as discount rate, revenue growth, profit margin, and future P/E. This has resulted in no change to the overall price target narrative.Narrative Update • Jun 06
BPI: Governance Reforms And Cash Dividend Will Support Future Shareholder Returns
Analysts have trimmed their price target for Bank of the Philippine Islands slightly to ₱132.33 from ₱134.89, reflecting modestly lower assumptions for fair value, revenue, profit margins, and future P/E. What's in the News The Board will meet on May 20, 2026 to consider and approve the declaration of a cash dividend of ₱2.58 per common share for stockholders of record as of June 4, 2026.Narrative Update • May 20
BPI: Governance Reforms And By Law Amendments Will Support Future Dividends
Analysts have trimmed their fair value estimate for Bank of the Philippine Islands from about ₱139.25 to roughly ₱134.89, reflecting updated assumptions for discount rate, revenue growth, profit margins, and future P/E levels. What's in the News A board meeting is scheduled for April 20, 2026 to elect officers for the upcoming year, appoint Ms. Rizalina G.
New Narrative • May 15
Rising Credit Costs And Technology Spend Will Pressure Margins Yet Long Term Potential Will Persist
Catalysts About Bank of the Philippine Islands Bank of the Philippine Islands is a universal bank in the Philippines that provides lending, deposit, payments, wealth and transaction services to retail, SME and institutional clients. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 25
BPI: Governance Reforms Will Support Future Dividend Upside
Analysts have trimmed their price target for Bank of the Philippine Islands by ₱4.00 to ₱139.25. The revised target reflects updated assumptions for slightly softer revenue growth, a marginally higher discount rate, and small adjustments to profit margin and future P/E expectations.Narrative Update • Apr 10
BPI: Governance Reforms And Stable Margins Will Support Future Dividend Upside
Analysts have reduced their price target for Bank of the Philippine Islands from ₱149.06 to ₱143.25, attributing the change to slightly more conservative assumptions on revenue growth, profit margins and future P/E multiples, along with a modest adjustment to the discount rate. What's in the News BPI's board approved amendments to Articles IV, V, VII and VII-A of its Amended By-Laws at a regular meeting on March 18, 2026, with the changes to be presented to stockholders at the annual meeting on April 20, 2026 (Key Developments).
New Narrative • Apr 03
Digital And Wealth Expansion Will Reshape Long Term Earnings Power
Catalysts About Bank of the Philippine Islands Bank of the Philippine Islands is a leading Philippine universal bank that provides retail, corporate, and wealth management services across both physical branches and digital channels. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 25
BPI: Governance Reforms And Stronger Margins Will Support Future Dividend Upside
Analysts have nudged their price target for Bank of the Philippine Islands slightly lower from about ₱149.23 to around ₱149.06, reflecting updated views on revenue growth, profitability, discount rate, and future P/E assumptions. What's in the News A board meeting is scheduled on March 18, 2026 to consider amendments to Bank of the Philippine Islands' Amended By Laws, focused on updating governance provisions and aligning with current regulations (Key Developments).Narrative Update • Mar 09
BPI: Microfinance Merger Plan Will Support Future Dividend Upside
Analysts have kept their fair value estimate for Bank of the Philippine Islands steady at ₱149.23, while making a small downward adjustment to the discount rate and future P/E assumptions. This reflects a fine-tuning of their models rather than a shift in their overall view of the stock.Narrative Update • Feb 23
BPI: Microfinance Merger Plan Will Support Future Dividend Upside
Analysts have trimmed their fair value estimate for Bank of the Philippine Islands slightly from ₱149.48 to ₱149.23. This reflects updated views that combine higher revenue growth assumptions with more conservative profit margin and future P/E expectations.Narrative Update • Feb 09
BPI: Dividend And Microfinance Merger Plans Will Support Future Upside
Analysts have nudged their fair value estimate for Bank of the Philippine Islands higher to ₱149.48 from ₱148.98, citing updated assumptions around revenue growth, profit margins, a slightly lower discount rate, and a modestly reduced future P/E multiple. What's in the News Board meeting scheduled for November 19, 2025 to consider and approve a cash dividend of ₱2.28 per common share for stockholders of record as of December 3, 2025 (Key Developments) Board approves a cash dividend of ₱2.28 per common share for the second semester of 2025, with the payment date set for December 18, 2025 (Key Developments) Board meeting set for December 17, 2025 to consider authorizing management to pursue plans to merge BPI Direct BanKo, Inc.Narrative Update • Jan 25
BPI: Dividend And Planned Microfinance Merger Will Support Future Upside
Analysts have nudged their fair value estimate for Bank of the Philippine Islands slightly higher from ₱148.73 to ₱148.98, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E that together point to a modestly improved risk and earnings profile. What's in the News A board meeting is scheduled on November 19, 2025 to consider and approve a cash dividend of ₱2.28 per common share for stockholders of record as of December 3, 2025, for the second semester of 2025, with payment set for December 18, 2025 (company disclosure).Narrative Update • Jan 10
BPI: Dividend Momentum And Planned Merger Will Support Future Upside
Analysts have nudged their price target for Bank of the Philippine Islands slightly lower from ₱150.31 to ₱148.73, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E projections. What's in the News Board meeting scheduled on November 19, 2025 to consider and approve the declaration of a cash dividend of ₱2.28 per common share for stockholders of record as of December 3, 2025, covering the second semester of 2025 (Key Developments).Narrative Update • Dec 18
BPI: Steady Dividend And Merger Plans Will Support Bullish Outlook
Analysts have trimmed their price target for Bank of the Philippine Islands slightly, citing marginally lower assumed revenue growth and discount rates, offset by a modestly higher projected profit margin and a slightly cheaper future price to earnings multiple. This results in an updated fair value estimate that remains effectively unchanged at PHP 150.31.Narrative Update • Dec 04
BPI: Dividend Payout Will Support Bullish Outlook Despite Ongoing Infomina Litigation
Analysts have modestly reduced their price target for Bank of the Philippine Islands to PHP 150.31 from PHP 153.85, reflecting slightly softer assumptions for revenue growth and profit margins, while keeping valuation multiples broadly intact. What's in the News The Regional Trial Court of Makati issued joint orders in the Infomina civil case, granting the plaintiff more time to answer BPI's counterclaims while denying BPI's motions to implead additional defendants and to serve written interrogatories, with key procedural questions deferred to trial (court filing).Narrative Update • Nov 20
BPI: Dividend Approval and Legal Actions Will Drive Future Upside
Analysts have slightly adjusted their price target for Bank of the Philippine Islands, lowering it from ₱154.52 to ₱153.85. This reflects updated assumptions around discount rate, revenue growth, and profit margins.Narrative Update • Nov 05
BPI: Legal Maneuvers Will Drive Momentum Despite Minor Valuation Adjustments
Analysts have slightly lowered their price target for Bank of the Philippine Islands from ₱156.77 to ₱154.52. They cite marginal adjustments to revenue growth, profit margin, and discount rate assumptions in their updated models.Narrative Update • Oct 22
Analysts Lower Price Target for Bank of the Philippine Islands Amid Legal Dispute and Valuation Shifts
Analysts have revised their price target for Bank of the Philippine Islands slightly downward from ₱157.52 to ₱156.77. This change reflects modest adjustments in revenue growth and profit margin expectations.
New Narrative • Nov 12
Thriving On Consumer Loans And Digital Innovation To Empower Revenue Growth
BPI's shift to non-institutional loans, consumer focus, and digital transformation are driving revenue growth and increasing net margins.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BPI's dividends per share have been stable in the past 10 years.
Growing Dividend: BPI's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Bank of the Philippine Islands Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BPI) | 4.8% |
| Market Bottom 25% (PH) | 2.9% |
| Market Top 25% (PH) | 6.5% |
| Industry Average (Banks) | 4.8% |
| Analyst forecast (BPI) (up to 3 years) | 5.8% |
Notable Dividend: BPI's dividend (4.84%) is higher than the bottom 25% of dividend payers in the PH market (2.89%).
High Dividend: BPI's dividend (4.84%) is low compared to the top 25% of dividend payers in the PH market (6.48%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.4%), BPI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BPI's dividends in 3 years are forecast to be well covered by earnings (36.6% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/25 04:11 |
| End of Day Share Price | 2026/06/25 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Bank of the Philippine Islands is covered by 22 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Kwek | Bernstein |
| Julian Vincent Roxas | BofA Global Research |
| Edser Trinidad | CGS International |