Semirara Declares Dividend

The Board of Directors of Semirara Mining and Power Corporation (PSE: SCC) has approved and declared P14.88 billion in special cash dividends, as disclosed recently to the Philippine Stock Exchange.

This announcement follows the distribution of P14.88 billion in regular (P1.80/share) and special (P1.70/share) cash dividends in April of this year, which amounted to P3.50 per share for eligible shareholders. I Photo: Semirara Mining and Power Corporation

This announcement follows the distribution of P14.88 billion in regular (P1.80/share) and special (P1.70/share) cash dividends in April of this year, which amounted to P3.50 per share for eligible shareholders.

Shareholders of SCC recorded as of October 23, 2023, are entitled to receive a special cash dividend of P3.50 per share.

The ex-dividend date is set for October 20, 2023, and the payment will be made on November 8, 2023.

With this additional special cash dividend, SMPC's total dividend payout to its shareholders for 2023 will reach P29.75 billion, marking the highest in its history. SCC's total annual dividend of P7.00 per share results in a cash dividend yield of nearly 20 percent, based on its closing price of P35.00 on October 6, 2023.

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