Asian Dividend Gems: RFM Corp

• RFM Corp is one of the major players in the food and beverage industry in the Philippines, with well-known brands in pasta, flour, milk, ice cream, and bread.

• From 2019 to 2023, the company's dividend yield averaged 6.9% and its dividend payout averaged 72.7%.

• A major reason why the company's profits and cash flow is consistent is due to its loyal customer base that repeatedly purchase the company's products.

RFM Company Background

RFM Corporation was originally incorporated as Republic Flour Mills in 1957. Later on, the company diversified into poultry and livestock production and areas of food manufacturing that includes flour-based products, margarine, milk & juices, canned and processed meat, ice cream, and bottled mineral water.

RFM Corp's core business is in the food and beverage industry, specifically in the processing and manufacture of flour, bread, flour-based products like pasta and cake mixes, sauces, milk and juice drinks, and ice cream. It also operates non-food businesses including barging services (Rizal Lighterage Corporation) and leasing of commercial/office spaces.