Alternergy Holdings Corp. has declared its first cash dividend for holders of common shares since its initial public offering in March 2023, highlighting the listed renewable energy company’s growth and financial stability.
The board of directors approved a cash dividend of P0.01 per share, equivalent to P40 million in total. The dividend will be payable on September 11 to shareholders of record as of August 14.
“We are delighted to announce our first common dividend,” said AlternergyPresident Gerry P. Magbanua. “While modest, this signals the company’s commitment to long-term financial sustainability and value creation for both preferred and common shareholders.”
This follows Alternergy’s earlier dividend payout to preferred shareholders in November 2024.
The dividend declaration comes as Alternergy reports significant progress on its “Road to 500 MW by 2026” program. Last week, the first shipment of wind turbines arrived for its 128-megaWatt Tanay Wind Power Project.
Meanwhile, turbines delivered in April for the 64 MW Alabat Wind Power Project are awaiting installation. Two other projects — the 28 MWp Balsik Solar Power Project in Bataan and the 4.6 MW Dupinga Mini-Hydro Power Plant — are nearing completion.
“With our wind, solar, and hydro projects entering commercial operations by late 2025 and early 2026, we expect stronger financials that will generate more value for our investors,” Magbanua added.
Alternergy’s Triple Play portfolio underscores its commitment to clean energy development and shareholder returns.
