SFA Semicon Philippines Corp., an outsourced semiconductor assembly and test company whose facilities are in the country, said Monday it board approved the declaration of a cash dividend totaling $2.56 million.
It said the actual cash dividend per share will be determined during March 17 record date of shareholders entitled to receive the dividend. This is view of the shares buyback program of the company that aims to reduce the number of outstanding stocks to improve shareholder value, it added.
SFA said, however, that preliminary estimates suggest the per share dividend will be around U$0.00121. The peso equivalent of the cash dividend will be based on the peso-U.S. dollar exchange rate on March 17.
The cash dividend will be paid on April 14.
