GMA declares cash dividends

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GMA Network’s Board of Directors approved the declaration of P1.459 billion total cash dividends or P0.30 per share, during a meeting held on June 8, 2020.

The dividend will be paid on July 15, 2020 to shareholders of record as of June 24, 2020.

Since becoming publicly listed, the network has declared P5.56 total dividend per share and total dividends amounting P26.391 billion from 2008 to 2020. These are equivalent to an average of 90 percent of the company’s net income after tax year-on-year. Based on the historical dividend payout of the company, dividend yield averages at 5 percent based on initial public offer price of P8.50.

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Vivant awards EPC deals Vivant Energy Corp. has awarded contracts for the engineering, procurement, construction (EPC) and commissioning works of two solar power projects to Malaysian firm, Solarvest.

Vivant awarded an EPC contract for the development of solar power projects at 10 designated buildings, with cumulative capacity of 816.2-kilowatt peak (kWp) at the University San Agustin in Iloilo City.

The other project involves the development of the 377.52 kWp solar generation systems for the Bulihan Industrial Park in Bulacan.

Solarvest’s contract with Vivant Energy is its first expansion beyond Malaysia.

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