After the close of the fiscal year on September 30, when the net income and surplus have been determined and reserves required by the Bangko Sentral ng Pilipinas (BSP) have been set up, the Board of Directors may declare dividends on capital contributions outstanding as of the said date, at a rate that is dependent on the net surplus for the fiscal year.  The board resolution declaring dividends at the rate indicated therein, together with the supporting financial statements and other documents, is submitted to the BSP for approval. No announcement may be made pending the approval of the dividend rate by the BSP.

For capital contributions withdrawn prior to the cut-off date and consequently not entitled to dividend, interest shall be computed at the bank rate on savings deposits prevailing at the time of withdrawal.