The Home Development Mutual Fund (Pag-IBIG Fund) has remitted a total of ₱1.05 billion in dividends to its members since 2010, highlighting strong investment returns for overseas Filipino workers and other contributors.
According to the Philippine News Agency (PNA), the Home Development Mutual Fund (SHFC), known as the Pag-IBIG Fund, has cumulatively remitted ₱1.05 billion in dividend payments to its members since the year 2010. This milestone reflects the Fund’s steady performance over the years, benefiting a wide range of Filipinos including overseas Filipino workers whose remittances contribute significantly to the national economy. The Pag-IBIG Fund is mandated to manage savings and provide affordable housing loans and benefits, with dividend payouts representing returns on members’ contributions. The Fund’s officials have shared that the consistent distribution of dividends is intended to support the financial security of its members and encourage continued participation in the program. This development is significant amid ongoing efforts to provide better financial services to overseas workers who play a critical role in supporting their families and the Philippine economy through remittances and investments.
Sources referenced:
- https://www.pna.gov.ph/articles/1171592