Wazzup Pilipinas!
Globe Telecom said its board has approved a cash dividend of P33.50 per common share following encouraging financial performance results for the first half of the year.
The dividend is payable to shareholders on record as of August 22. Payment date has been set on September 13.
The brings total cash dividend payments this year to P67/share totaling P8.9 billion, representing 86% of the company’s 2012 core net income of P10.3 billion, a 2% rise from a year earlier. In February this year, the company’s board approved its first semi-annual cash dividend payment of about P4.4 billion.
The leading telecommunications company also said its board also approved a change in the frequency of the cash dividend distribution from semi-annual to quarterly beginning in the first quarter of 2014. The quarterly cash dividends will continue to be based on the policy of distributing 75% to 90% of prior year’s core net income.



Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.