In a special meeting held today, the board of directors of Semirara Mining and Power Corporation approved a regular cash dividend of P1.50 per share and a special cash dividend of P2.00 per share, which amounts to P3.50 per share.
The dividend declaration translates to a total payout of P14.88 billion, which will be sourced from the company’s unappropriated retained earnings for the period as of December 31, 2023.
SCC shareholders on record as of April 10 are entitled to the regular and special cash dividends. Ex-dividend date will be on April 8, while payment will be made on April 19.
Based on its March 21 closing price of P34.7, SCC’s total dividend translates to a cash dividend yield of 10 percent.
