Semirara Mining and Power Corp. said its board approved cash dividends that total P14.88 billion and will be sourced from unappropriated retained earnings of the coal miner and power producer.
The company said the cash dividends total P3.50 a share—P1.80 regular cash dividend and P1.70 special cash dividend—are for shareholders on record April 13 and will be paid on April 25.
Semirara shares will trade minus the dividend on April 5 given the scheduled holidays.
Based on Semirara’s closing price on March 27 of P32.95, the total dividend translates to a yield of 10.6 percent.
