SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 5, 2023

2. SEC Identification Number

44852

3. BIR Tax Identification No.

000-421-957-000

4. Exact name of issuer as specified in its charter

D&L Industries, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

65 Calle Industria, Bagumbayan, Quezon City Postal Code 1110

8. Issuer's telephone number, including area code

(02) 8635-0680

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	7,142,857,990

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

D&L Industries, Inc.DNL

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
D&L Industries welcomes a new independent director; announces P0.30 per share dividend for 2023
Background/Description of the Disclosure
- D&L welcomes Karl Kendrick T. Chua as its new independent director - With Mr. Chua’s election, independent directors continue to comprise majority of D&L’s Board - The company declared record dividend of P0.30 per share consisting of a regular dividend of P0.24 per share and a special dividend of P0.06 per share; dividend yield of 4.3% based on last closing price of P6.99 - Ex-date on June 15, record date on June 20, payment date on July 14 - Management remains highly committed to its dividend policy of 50% payout ratio based on prior year’s net income. This year’s dividend represents a payout ratio of 65%.
Other Relevant Information
Please see attached file.