Synergy Grid and Development Philippines Inc., the publicly-listed holding company of the National Grid Corporation of the Philippines, declared a quarterly cash dividend at P0.22 per share for a total of P1.158 billion to be paid out next month.
The cash dividend is 10 percent higher than the P0.20 per share dividend previously distributed and paid out on Jan. 10, SGP said.
The SGP board approved on Wednesday the P0.22 cash dividend, payable on April 26 to stockholders of record as of April 6.
“The distribution of dividends continues SGP’s commitment to its partner investors. Investments in SGP will contribute to the development of the nation’s sole transmission network operated and maintained by the National Grid Corporation of the Philippines,” said SGP chairman Henry Sy Jr.
“NGCP has made substantial achievements in terms of improving the country’s power transmission grid,” said vice chairman Robert Coyiuto Jr. Alena Mae S. Flores