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Apr 10, 2016 @ 16:47

GMA Network grants P1.9-B cash dividend

 

MANILA, Philippines – Broadcasting firm GMA Network Inc. has declared a P0.40 cash dividend per share, amounting to a total of P1.94 billion.

Shareholders of record as of April 25, 2016 are entitled to receive the dividends. The payment date is on May 16.

GMA officials earlier said they are confident the network would exceed its financial performance this year.

“We expect GMA’s financial performance to exceed expectations this year. Our announcement reaffirms the network’s commitment to its valued shareholders to provide them with the best returns,” GMA chairman and CEO Felipe Gozon said.

Last year, the company breached its P2 billion net income target, which was more than double the profit reported in 2014 on the back of higher airtime revenues.

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