Synergy Grid and Development Philippines Inc. (SGP) declared its first quarterly cash dividend at P0.22 per share, 10 percent higher than the P0.20 per share dividend previously distributed and paid out last January.
SGP said the total amount of cash dividends that will be payable on April 26 to stockholders of record as of April 6 is around P1.16 billion.
“The distribution of dividends continues SGP’s commitment to its partner investors.
Investments in SGP will contribute to the development of the nation’s sole transmission network operated and maintained by the National Grid Corporation of the Philippines (NGCP),” said Henry Sy, Jr., SGP’s chairman.
NGCP is SGP’s sole operating asset which holds the sole and exclusive concession and franchise for the operation of the Philippines’ transmission network that links power generators, distribution utilities and electric cooperatives.
