Dmci Holdings Inc (Philippines)

DMCI Holdings, Inc. is a publicly listed holding company in the Philippines with construction as its core competency. Its common shares of stock are traded on the Philippine Stock Exchange under the symbol "DMC". The company has been a member of the Philippine Stock Exchange Composite Index since November 2010. DMCI Holdings is known for being one of the highest dividend paying stocks in the local market, with a dividend payout ratio of at least 26% of the preceding year's consolidated core net income. The company is also recognized for its commitment to good corporate governance and gender equality. Established in 1995, DMCI Holdings traces its roots to D.M. Consunji, Inc., a construction company founded in 1954 by Engr. David M. Consunji. The holding company was created to consolidate the construction business, component companies, and related interests of the Consunji family. DMCI Holdings has diversified its business portfolio and is involved in the construction, real estate, energy, mining, and water industries. DMCI is known for its construction projects, having completed over 1,000 projects across the Philippines, Brunei, and the Middle East. DMCI Homes pioneered resort-like condominium living in the Philippines and is known for delivering projects on time or ahead of schedule. Semirara Mining and Power Corporation, a subsidiary of DMCI Holdings, is the largest coal contractor of the Philippine government and operates four power plants using its own fuel. DMCI Power is one of the largest off-grid energy players in the country, operating power plants in missionary markets. DMCI Mining operates open-pit mines and produces nickel, chromite, and iron laterite for export. DMCI Holdings also indirectly owns a stake in Maynilad Water Services, the largest private water and wastewater services provider in the Philippines, serving millions of customers in the Greater Metro Manila Area.