The board of directors of Medilines Distributors Incorporated, during the Annual Shareholders Meeting held on July 3, 2023, approved the declaration of cash dividends equivalent to 15% of the Company's Net Income After Tax as of December 31, 2022, equivalent to PHP 0.010484247 per share or a total amount of PHP 28,795,779 in favor of all its stockholders of record date as of July 18, 2023, payable on August 11, 2023.