Listed firm Synergy Grid and Development Philippines Inc. (SGP) declared a total cash dividend of P1.37 billion for the third quarter, equivalent to P0.26 per share.
The company said the amount will be given on October 19 to stockholders of record as of October 5. The amount is the same as the dividends paid by SGP during the second quarter of the year which was paid out last July.
“SGP maintained the same level of dividends for this quarter. This follows the high dividend yield last quarter from the issuance of the preferred shares of the National Grid Corporation of the Philippines (NGCP) in June, to which SGP subscribed to using the proceeds from its follow-on offering,” Henry Sy Jr., SGP chairman, said in a statement. –Jed Macapagal
Author
- Advertisement -
