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UnionBank of the Philippines raises FY'16 dividend

UnionBank of the Philippines raised its dividend to 1.90 Philippine pesos per share for the fiscal year ended Dec. 31, 2016.

The bank's prior-year dividend was 1.50 pesos per share.

The dividend will be paid Feb. 24.

As of Jan. 26, US$1 was equivalent to 49.82 Philippine pesos.