Emperador Inc., a Philippine-based global brandy and whisky conglomerate, said Tuesday its board decided to pay a total P4.7 billion as cash dividend for shareholders on record May 2.
The cash dividend, to be paid May 25, is equal to P0.29 a share, or 1.4 percent dividend payout based on the April 3 closing price of P20..90.
Emperador said this is its the first dividend declaration after completing a secondary listing on the Singapore Exchange Securities Trading Ltd. Shares in Singapore will receive the cash dividend in Singapore dollars.
“This cash dividend declaration is indicative of the inherent financial resilience of the company despite headwinds brought by high inflation and global supply chain challenges. In addition, this is a testament to our commitment to enhancing shareholder value and reward shareholders for their ownership of Emperador Inc.” said Wisnston Co.
“This dividend payout in Singapore Dollars is another milestone for our company. As a global conglomerate with broad investor reach, we are happy to provide international investors the option to receive dividends in Singapore dollars,” he added.
