Globe okays cash dividend for preferred shares
MANILA, Philippines - Globe Telecom’s board has approved the declaration of cash dividend for holders of its preferred shares during its meeting held last Nov. 8.
The amount of the cash dividend will be based on the average 30-day PDST-F (formerly MART1) as computed by the Philippine Dealing and Exchange Corp. plus two percent, Globe president and CEO Ernest Cu said.
Record date is on Nov. 22, 2013 while payment date has been set on Dec. 8, 2013.
The telecommunications provider reported its core net profit in the first nine months of the year rose nine percent to P9.5 billion, underpinned by robust revenues, which reached a total P67.3 billion, up 10 percent from P61.3 billion a year.
Globe counts Philippine conglomerate Ayala Corp. and Singapore Telecom as its major shareholders.
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