Investor FAQs
FREQUENTLY ASKED QUESTIONS
Global Ferronickel Holdings, Inc. shares are traded on the Philippine Stock Exchange under the ticker symbol FNI. Click here to see our current stock quote.
January 1 through December 31
SyCip Gorres Velayo & Co
Based on our By-Laws, our annual shareholder meeting is set on the last Wednesday of June each year except holidays. To find out more, visit our ASM page.
Go to our Disclosures section or visit the Philippine Stock Exchange website at www.edge.pse.com.ph or contact investorrelations@gfni.com.ph
Our capital allocation supports long-term business growth and shareholder returns by way of capital expenditures, dividends, and share buyback.
Our dividend policy is to return at least 20% of our net income from the prior year. In determining the annual dividend, our Board considers all factors deemed relevant such as our available cash flow, financial condition, capital requirements, business plan, investment opportunities, and market conditions.
The table below shows the dividends declared on our common shares in the last three years.
| Record Date | Payment Date | Dividend Rate (PHP per share) |
Dividends (PHP millions) |
| June 1, 2023 | June 28, 2023 | 0.10 | 524.2 |
| April 20, 2022 | May 16, 2022 | 0.20 | 1,040.0 |
| June 15, 2021 | July 9, 2021 | 0.10 | 521.0 |
FNI carried out share buyback programs since 2016. As at December 31, 2023, we have repurchased about 1.1 billion shares or 19% of outstanding shares at a cost of ₱2.8 billion.
Details of completed share repurchases are as follows:
| Share repurchases | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
| Amount (PHP millions) | ₱295.4 | ₱55.4 | ₱367.9 | ₱346.0 | ₱82.6 | ₱636 | ₱964.1 | ₱17.8 |
| Number of shares (million shares) | 116.5 | 20.5 | 126.9 | 137.0 | 50.8 | 306.1 | 362.6 | 6.3 |
| Average price per share (PHP) | ₱2.54 | ₱2.70 | ₱2.90 | ₱2.52 | ₱1.63 | ₱2.08 | ₱2.66 | ₱2.81 |
On September 12, 2024, our Board of Directors approved to acquire up to 2% of outstanding shares from the open market over a period of three years.
We are focused on creating value for all our stakeholders. Read more about our strategic initiatives planned for growth.