Cirtek Holdings Philippines Corp. said it is adjusting the dividend payout for its preferred B2 subseries B shares to 10 percent from 6 percent effective June 18.
The dividend payout stepup is part of the company’s commitment to preferred shareholders when the shares were sold two and a half years ago.
Cirtek said the increased dividend payout will reflect on the shareholders’ dividend pay for the third quarter of the year.
Cirtek sold 33 million preferred B2 shares to Camerton Inc. in November 2020 at a subscription price of $1 per share through a private placement, which was subsequently listed in the Philippine Stock Exchange on February 2, 2021.
Author
- Advertisement -
