Listed energy and mining firm Semirara Mining and Power Corp. said Tuesday its board approved the declaration of special cash dividends that total P14.88 billion.
Semirara shareholders on record 23 October will be entitled to the special cash dividend of P3.50 a share. The shares will start trading on the Philippine Stock Exchange minus the special dividend on 20 October.
The cash dividend will be paid on 8 November.
With the additional cash dividend, the total dividend declared this year at P7 a share, or a dividend yield of 20 percent based on its closing price of P35 on 6 October. In all, Semirara has set aside P29.75 billion as cash dividend.
In April, Semirara declared a regular cash dividend of P1.80 a share and P1.70 a share special cash dividend. Those cash dividends total P14.88 billion.
Semirara sets P14.88B special cash dividend
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