ICTSI Declares Cash Dividend

The Board of Directors of International Container Terminal Services, Inc. (ICTSI) has approved the declaration of a regular cash dividend in the amount of Php1.01 per common share, alongside a special cash dividend in the amount of Php1.62 per common share.

Photo Insert: ICTSI is the Philippines' largest multinational and transnational company

The total dividend (regular and special) of Php2.63 per common share is payable on September 1, 2021, to stockholders of record holding shares of ICTSI common stock at the close of business on August 20, 2021. Enrique K. Razon, Jr, Chairman and President of ICTSI said: “We are pleased to be able to declare a second dividend of Php2.63 per common share today, divided into a regular dividend of Php1.01 per common share and a special dividend of Php1.62 per common share."

This second dividend declaration in 2021, together with the Php2.37 declared last March 2021, brings the total dividends for this year to Php5.00 per share, matching the same level we declared in 2019 before the pandemic, he added.

Razon also said that the regular and special dividends "are consistent with our long-term commitment to create exceptional value and distribute the rewards of our performance to stockholders over time.”

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